ConvaTec Group PLC (LON:CTEC - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 293.80 ($3.98) and last traded at GBX 291.60 ($3.95), with a volume of 2493665 shares trading hands. The stock had previously closed at GBX 290.80 ($3.94).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 310 ($4.20) price objective on shares of ConvaTec Group in a research note on Wednesday, March 5th.
Check Out Our Latest Report on ConvaTec Group
ConvaTec Group Stock Up 1.4%
The stock has a market capitalization of £7.54 billion, a price-to-earnings ratio of 49.96, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a quick ratio of 0.96, a current ratio of 2.26 and a debt-to-equity ratio of 85.32. The business's 50-day moving average is GBX 262.30 and its two-hundred day moving average is GBX 248.29.
Insider Activity at ConvaTec Group
In related news, insider Karim Bitar sold 132,253 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of GBX 256 ($3.47), for a total transaction of £338,567.68 ($458,825.97). 19.65% of the stock is currently owned by 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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