ConvaTec Group PLC (CTEC) to Issue Dividend of GBX 1.06 on October 20th
ConvaTec Group PLC (LON:CTEC) announced a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 7th will be paid a dividend of GBX 1.06 ($0.01) per share on Friday, October 20th. This represents a dividend yield of 0.36%. The ex-dividend date is Thursday, September 7th. The official announcement can be viewed at this link.
Shares of ConvaTec Group PLC (LON:CTEC) traded down 2.54% during mid-day trading on Friday, hitting GBX 279.60. The stock had a trading volume of 4,331,851 shares. ConvaTec Group PLC has a 12 month low of GBX 213.00 and a 12 month high of GBX 349.10. The firm has a 50 day moving average price of GBX 295.90 and a 200-day moving average price of GBX 291.22. The stock’s market cap is GBX 5.46 billion.
Several equities research analysts have weighed in on CTEC shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 340 ($4.40) price objective on shares of ConvaTec Group PLC in a report on Thursday, August 3rd. Peel Hunt reiterated a “buy” rating and issued a GBX 380 ($4.91) price objective on shares of ConvaTec Group PLC in a report on Thursday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 330 ($4.27) price objective on shares of ConvaTec Group PLC in a report on Monday, July 31st. Credit Suisse Group increased their price objective on ConvaTec Group PLC from GBX 275 ($3.56) to GBX 290 ($3.75) and gave the stock a “neutral” rating in a report on Friday, May 5th. Finally, J P Morgan Chase & Co increased their price objective on ConvaTec Group PLC from GBX 305 ($3.94) to GBX 318 ($4.11) and gave the stock an “overweight” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 312.89 ($4.05).
ConvaTec Group PLC Company Profile
ConvaTec Group Plc is a medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions.
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