LON:CTEC

ConvaTec Group - CTEC Share Forecast, Price & News

GBX 198.20

-3.20 (-1.59%)

(As of 09/28/2022 05:39 AM ET)

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Today's Range: 197.40
▼
202.40
50-Day Range: 201.40
▼
245.80
52-Week Range: 165.30
▼
256

Volume: 1.18 million shs
Average Volume: 3.93 million shs
Market Capitalization: £4.05 billion

P/E Ratio: 4,955.00
Dividend Yield: 2.16%
Price Target: GBX 259

ConvaTec Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 30.5% Upside
GBX 259 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.41
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
£4.74 M Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.80 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
ConvaTec Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of GBX 259, ConvaTec Group has a forecasted upside of 30.5% from its current price of GBX 198.40.
Amount of Analyst Coverage
ConvaTec Group has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CTEC.

0.8

Dividend Strength

Dividend Yield
ConvaTec Group pays a meaningful dividend of 2.16%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ConvaTec Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of ConvaTec Group is 146.08%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTEC.

1.9

News and Social Media Coverage

News Sentiment
ConvaTec Group has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for ConvaTec Group this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 2 people have added ConvaTec Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ConvaTec Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought £47,400 in company stock and sold GBX 0 in company stock.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ConvaTec Group is 4,960.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 124.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of ConvaTec Group is 4,960.00, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 122.44.
Price to Earnings Growth Ratio
ConvaTec Group has a PEG Ratio of 4.78. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ConvaTec Group has a P/B Ratio of 2.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ConvaTec Group (LON:CTEC) Stock

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. The company also provides devices, accessories, and services for people with a stoma resulting from colorectal cancer, inflammatory bowel disease, bladder cancer, obesity, and other causes. In addition, it offers continence and critical care products, including intermittent urinary catheters; and products for people with urinary continence issues related to spinal cord injuries, multiple sclerosis, spina bifida, and other urological disorders, as well as devices and products used in intensive care units and hospital settings. Further, the company provides advanced systems for managing acute fecal incontinence, as well as for monitoring urine production output and intra-abdominal pressure; and various disposable medical devices, such as wound drainage systems, urine collection bags and catheters, airway management and oxygen/aerosol therapy devices, suction handles and tubes, gastroenterology tubes, and securement devices. Additionally, it offers disposable infusion sets to manufacturers of insulin pumps for diabetes, as well as similar pumps that are used in continuous infusion treatments for other conditions; and various products to hospital and home healthcare markets. The company sells its products to pharmacies, hospitals, and other acute and post-acute healthcare service providers directly or through distributors and wholesalers. It serves a range of customers, including healthcare providers, patients, and manufacturers. The company was founded in 1978 and is headquartered in Reading, the United Kingdom.

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CTEC Stock News Headlines

September 27, 2022 | americanbankingnews.com

ConvaTec Group Plc (LON:CTEC) Given Average Recommendation of "Moderate Buy" by Analysts

September 25, 2022 | markets.businessinsider.com

Convatec Group PLC: Results of 2022 AGM Update Statement

September 25, 2022 | finance.yahoo.com

ConvaTec Group Plc's (LON:CTEC) Intrinsic Value Is Potentially 61% Above Its Share Price

September 14, 2022 | finanznachrichten.de

Convatec Group PLC: Scrip Dividend - Calculation Price

August 5, 2022 | finance.yahoo.com

Chris Gent fined £80,000 for trying his best

August 5, 2022 | finance.yahoo.com

UK regulator fines Christopher Gent £80,000 for disclosing inside information

June 16, 2022 | finance.yahoo.com

Is ConvaTec Group Plc's (LON:CTEC) Stock Price Struggling As A Result Of Its Mixed Financials?

May 10, 2022 | finance.yahoo.com

The three-year decline in earnings might be taking its toll on ConvaTec Group (LON:CTEC) shareholders as stock falls 4.4% over the past week

March 8, 2022 | finance.yahoo.com

Here's What To Make Of ConvaTec Group's (LON:CTEC) Decelerating Rates Of Return

December 11, 2021 | lse.co.uk

Convatec hires Jonny Mason as next CFO

December 1, 2021 | finance.yahoo.com

The three-year decline in earnings for ConvaTec Group LON:CTEC) isn't encouraging, but shareholders are still up 35% over that period

November 17, 2021 | markets.businessinsider.com

ConvaTec Group PLC : Q3 Trading Update

September 11, 2021 | lse.co.uk

Moody's upgrades ConvaTec's corporate rating to Ba2; outlook stable

August 9, 2021 | markets.businessinsider.com

ConvaTec Group PLC : Interim Results

August 9, 2021 | markets.businessinsider.com

ConvaTec Group PLC : Director/PDMR Shareholding

August 4, 2021 | lse.co.uk

FTSE 250 movers: Meggitt rockets on takeover; Convatec hit by downgrade

July 31, 2021 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About ConvaTec Group Plc (LON:CTEC)?

July 30, 2021 | lse.co.uk

ConvaTec reports interim revenue climb as all divisions show growth

July 5, 2021 | finance.yahoo.com

CONVATEC GROUP PLC ORD 10P (CTEC.L) stock forecast and price target

April 30, 2021 | lse.co.uk

Scrip Dividend - Total Issued Shares

April 20, 2021 | markets.businessinsider.com

ConvaTec Group PLC : Scrip Dividend - Calculation Price

March 13, 2021 | proactiveinvestors.com

ConvaTec Group PLC - Director/PDMR Shareholding

January 29, 2021 | marketwatch.com

Diabetic Foot Ulcer Treatment Market Size, Share and Forecast 2019-2025

January 12, 2021 | marketwatch.com

Surgical Drains/Wound Drainage Market Size 2020 : Top Manufacturers, Industry Share, Regional Analysis, Types and Applications and Forecasts to 2025

January 1, 2021 | benzinga.com

Global Perineal Care Industry Market 2021 Business Strategies: ConvaTec Group plc., Sage Products, GOJO Industries Inc. and Coloplast A/S

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CTEC Company Calendar

Last Earnings: 2/28/2020
Ex-Dividend for 10/6 Dividend: 8/25/2022
Today: 9/28/2022
Dividend Payable: 10/06/2022

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Industry, Sector and Symbol

Stock Exchange: LON
Industry: Medical Devices
Sub-Industry: N/A
Sector: Medical
Current Symbol: LON:CTEC
CUSIP: N/A
CIK: N/A
Web: www.convatecgroup.com
Phone: 44 11 8952 8100
Fax: N/A
Employees: 10,142
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: GBX 259
High Stock Price Forecast: GBX 295
Low Stock Price Forecast: GBX 210
Forecasted Upside/Downside: +30.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 4,955.00
Forward P/E Ratio: 1,651.67
P/E Growth: 4.78
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 90.81
Current Ratio: 1.49
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: £2.07 billion
Price / Sales: 1.95
Cash Flow: GBX 12.73 per share
Price / Cash Flow: 15.57
Book Value: GBX 78.40 per share
Price / Book: 2.53

Miscellaneous

Outstanding Shares: 2,041,765,000
Free Float: N/A
Market Cap: £4.05 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Karim Bitar (Age 57)
CEO & Director
Comp: $3.48M

Mr. Frank M. Schulkes (Age 60)
Exec. Officer
Comp: $1.08M

Mr. Jonathan P. Mason (Age 58)
Group CFO & Director

Mr. Donal Balfe
Exec. VP and Chief of Quality & Operations

Dr. Divakar Ramakrishnan Ph.D.
Exec. VP & Chief Technology Officer

Mr. Mark Reynolds
Director of Investor Relations

Ms. Kate Postans
VP of Investor Relations & Corp. Communications

Ms. Natalia Kozmina
Exec. VP & Chief HR Officer

Mr. Christian Hoengaard
Sr. VP & GM - USA

Ms. Kjersti Grimsrud Biotechnology (Age 61)
M.Sc., Pres & COO of Infusion Care

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTEC Stock - Frequently Asked Questions

Should I buy or sell ConvaTec Group stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConvaTec Group in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CTEC shares.
View CTEC analyst ratings or view top-rated stocks.
What is ConvaTec Group's stock price forecast for 2022?: 6 brokers have issued 1 year target prices for ConvaTec Group's stock. Their CTEC share price forecasts range from GBX 210 to GBX 295. On average, they expect the company's share price to reach GBX 259 in the next twelve months. This suggests a possible upside of 28.6% from the stock's current price.
View analysts price targets for CTEC or view top-rated stocks among Wall Street analysts.
How have CTEC shares performed in 2022?: ConvaTec Group's stock was trading at GBX 193.15 at the beginning of 2022. Since then, CTEC shares have increased by 4.3% and is now trading at GBX 201.40.
View the best growth stocks for 2022 here.
How were ConvaTec Group's earnings last quarter?: ConvaTec Group Plc (LON:CTEC) released its quarterly earnings results on Friday, February, 28th. The company reported $12.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.70 by $0.70.
How often does ConvaTec Group pay dividends? What is the dividend yield for ConvaTec Group?: ConvaTec Group announced a dividend on Thursday, August 4th. Shareholders of record on Thursday, August 25th will be given a dividend of GBX 1.41 per share on Thursday, October 6th. This represents a yield of 0.61%. The ex-dividend date is Thursday, August 25th. The official announcement can be accessed at this link.
Read our dividend analysis for CTEC.
Is ConvaTec Group a good dividend stock?: ConvaTec Group (LON:CTEC) pays an annual dividend of GBX 0.06 per share and currently has a dividend yield of 2.16%. The dividend payout ratio is 146.08%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CTEC.

What other stocks do shareholders of ConvaTec Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other ConvaTec Group investors own include EnQuest (ENQ), Centamin (CEY), Oxford Biomedica (OXB), Bristol-Myers Squibb (BMY), Andalas Energy and Power (ADL), AFR.L (AFR), CBTX (CBTX), Genel Energy (GENL), Premier Oil (PMO) and Playtech (PTEC).
What is ConvaTec Group's stock symbol?: ConvaTec Group trades on the London Stock Exchange (LON) under the ticker symbol "CTEC."
How do I buy shares of ConvaTec Group?: Shares of CTEC stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.
What is ConvaTec Group's stock price today?: One share of CTEC stock can currently be purchased for approximately GBX 201.40.
How much money does ConvaTec Group make?: ConvaTec Group (LON:CTEC) has a market capitalization of £4.11 billion and generates £2.07 billion in revenue each year.
How many employees does ConvaTec Group have?: The company employs 10,142 workers across the globe.
How can I contact ConvaTec Group?: ConvaTec Group's mailing address is 3 Forbury Place Floor 7, 23 Forbury Road, ICKENHAM, RG1 3JH, United Kingdom. The official website for the company is www.convatecgroup.com. The company can be reached via phone at 44 11 8952 8100.

This page (LON:CTEC) was last updated on 9/28/2022 by MarketBeat.com Staff

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ConvaTec Group - CTEC Share Forecast, Price & News

ConvaTec Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ConvaTec Group (LON:CTEC) Stock

CTEC Stock News Headlines

CTEC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CTEC Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™