Jefferies Financial Group assumed coverage on shares of ConvaTec Group (OTCMKTS:CNVVY – Get Rating) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock.
Several other brokerages have also recently issued reports on CNVVY. Liberum Capital started coverage on ConvaTec Group in a research note on Friday, November 18th. They set a buy rating on the stock. JPMorgan Chase & Co. raised their price objective on ConvaTec Group from GBX 275 ($3.25) to GBX 381 ($4.51) in a research note on Friday, November 18th. Peel Hunt cut ConvaTec Group to a buy rating in a research note on Monday, August 22nd. Morgan Stanley raised their price objective on ConvaTec Group from GBX 227 ($2.68) to GBX 235 ($2.78) in a research note on Monday, November 14th. Finally, Barclays raised their price objective on ConvaTec Group from GBX 290 ($3.43) to GBX 295 ($3.49) in a research note on Friday, November 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, ConvaTec Group presently has an average rating of Moderate Buy and an average target price of $284.00.
ConvaTec Group Stock Performance
Shares of CNVVY opened at $10.99 on Tuesday. The business’s fifty day moving average price is $9.76 and its 200 day moving average price is $10.41. ConvaTec Group has a 12-month low of $8.69 and a 12-month high of $12.01.
ConvaTec Group Company Profile
ConvaTec Group Plc develops, manufactures, and markets medical products and technologies worldwide. It offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, immobility, and venous disease, as well as from traumatic injury, burns, invasive surgery, and other causes.
- Get a free copy of the StockNews.com research report on ConvaTec Group (CNVVY)
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