ConvaTec Group (OTCMKTS:CNVVY – Get Free Report) had its price objective hoisted by investment analysts at Barclays from GBX 300 ($3.85) to GBX 310 ($3.98) in a report released on Thursday, FlyOnTheWall reports.
Several other equities analysts have also weighed in on CNVVY. HSBC upgraded shares of ConvaTec Group from a “reduce” rating to a “hold” rating in a report on Friday, July 7th. Credit Suisse Group upped their target price on shares of ConvaTec Group from GBX 220 ($2.82) to GBX 225 ($2.89) in a research note on Tuesday, May 23rd. Morgan Stanley raised shares of ConvaTec Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, June 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of ConvaTec Group from GBX 290 ($3.72) to GBX 320 ($4.11) in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.50.
ConvaTec Group Stock Performance
Shares of OTCMKTS CNVVY opened at $11.30 on Thursday. The company’s 50 day simple moving average is $10.74 and its 200 day simple moving average is $10.93. ConvaTec Group has a fifty-two week low of $8.69 and a fifty-two week high of $12.23.
About ConvaTec Group
ConvaTec Group PLC engages in the development, manufacture, and marketing of medical products and technologies worldwide. 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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