ConvaTec Group PLC (LON:CTEC - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 289.40 ($3.91) and last traded at GBX 285.60 ($3.85), with a volume of 7311277 shares trading hands. The stock had previously closed at GBX 283.87 ($3.83).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and set a GBX 310 ($4.18) target price on shares of ConvaTec Group in a research report on Wednesday, March 5th.
Get Our Latest Analysis on CTEC
ConvaTec Group Stock Up 3.2%
The company has a debt-to-equity ratio of 85.32, a current ratio of 2.26 and a quick ratio of 0.96. The firm has a market cap of £7.40 billion, a PE ratio of 48.98, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a 50-day simple moving average of GBX 259.05 and a 200-day simple moving average of GBX 246.69.
Insider Activity at ConvaTec Group
In other ConvaTec Group news, insider Karim Bitar sold 132,253 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of GBX 256 ($3.46), for a total transaction of £338,567.68 ($456,968.12). 19.65% of the stock is owned by company insiders.
About ConvaTec Group
(
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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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