ConvaTec Group (CTEC) Stock Forecast & Price Target

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GBX 282.80

-1.20 (-0.42%)

(As of 04/16/2024 ET)

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ConvaTec Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 6 Analyst Ratings

Analysts' Consensus Price Target

GBX 307.17

High Forecast	GBX 323
Average Forecast	GBX 307.17
Low Forecast	GBX 300

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Buy	Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 307.17	GBX 307.17	GBX 298.33	GBX 267.75

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CTEC Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CTEC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ConvaTec Group Stock vs. The Competition

Type	ConvaTec Group	Medical Companies
Consensus Rating Score	3.00	2.68
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Negative News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/7/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight	GBX 300 ➝ GBX 323	+18.24%
3/6/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	GBX 290 ➝ GBX 310	+13.64%
11/15/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 300	+33.10%
9/7/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Outperform	GBX 215 ➝ GBX 300	+29.98%
9/6/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight	GBX 310	+34.43%
9/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	GBX 300	+29.65%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:53 PM ET.

CTEC Price Target - Frequently Asked Questions

What is ConvaTec Group's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for ConvaTec Group stock is Buy based on the current 6 buy ratings for CTEC. The average twelve-month price prediction for ConvaTec Group is GBX 307.17 with a high price target of GBX 323 and a low price target of GBX 300. Learn more on CTEC's analyst rating history.
Do Wall Street analysts like ConvaTec Group more than its competitors?: Analysts like ConvaTec Group more than other Medical companies. The consensus rating for ConvaTec Group is Buy while the average consensus rating for medical companies is Moderate Buy. Learn more on how CTEC compares to other companies.
Does ConvaTec Group's stock price have much upside?: According to analysts, ConvaTec Group's stock has a predicted upside of 25.87% based on their 12-month stock forecasts.

What analysts cover ConvaTec Group?: ConvaTec Group has been rated by Berenberg Bank, and JPMorgan Chase & Co. in the past 90 days.

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This page (LON:CTEC) was last updated on 4/16/2024 by MarketBeat.com Staff

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ConvaTec Group (CTEC) Stock Forecast & Price Target

ConvaTec Group Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CTEC Analyst Ratings By Month

CTEC Price Targets by Month

ConvaTec Group Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CTEC Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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