ConvaTec Group PLC (LON:CTEC – Get Free Report) announced a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be given a dividend of $0.04 per share on Thursday, May 23rd. This represents a yield of 1.39%. The ex-dividend date is Thursday, April 25th. This is a positive change from ConvaTec Group’s previous dividend of $0.02. The official announcement can be accessed at this link.
ConvaTec Group Stock Performance
LON:CTEC opened at GBX 284.60 ($3.52) on Tuesday. The company has a debt-to-equity ratio of 77.53, a current ratio of 1.62 and a quick ratio of 0.96. The business has a fifty day simple moving average of GBX 272.66 and a two-hundred day simple moving average of GBX 243.66. ConvaTec Group has a 1 year low of GBX 195.10 ($2.41) and a 1 year high of GBX 295.20 ($3.65). The company has a market capitalization of £5.83 billion, a P/E ratio of 5,648.00, a P/E/G ratio of 2.40 and a beta of 0.55.
Wall Street Analyst Weigh In
A number of analysts have issued reports on CTEC shares. JPMorgan Chase & Co. raised their target price on ConvaTec Group from GBX 300 ($3.71) to GBX 323 ($3.99) and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Berenberg Bank raised their price target on ConvaTec Group from GBX 290 ($3.58) to GBX 310 ($3.83) and gave the stock a “buy” rating in a report on Wednesday, March 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, ConvaTec Group presently has an average rating of “Buy” and an average price target of GBX 307.17 ($3.79).
About ConvaTec Group
ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.
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