ConvaTec Group (OTCMKTS:CNVVY) Given New GBX 230 Price Target at Credit Suisse Group

ConvaTec Group (OTCMKTS:CNVVYGet Rating) had its price objective hoisted by Credit Suisse Group from GBX 225 ($2.64) to GBX 230 ($2.70) in a report released on Friday morning, The Fly reports.

CNVVY has been the subject of a number of other research reports. Peel Hunt downgraded shares of ConvaTec Group to a buy rating in a research report on Monday, August 22nd. Morgan Stanley started coverage on shares of ConvaTec Group in a research note on Tuesday, October 18th. They issued an equal weight rating on the stock. Finally, Barclays decreased their price target on shares of ConvaTec Group from GBX 295 ($3.47) to GBX 290 ($3.41) in a research report on Monday, October 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $253.75.

ConvaTec Group Price Performance

CNVVY stock opened at $9.67 on Friday. The stock has a 50-day moving average price of $9.75 and a two-hundred day moving average price of $10.41. ConvaTec Group has a 12-month low of $8.69 and a 12-month high of $12.01.

ConvaTec Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 21st. Stockholders of record on Friday, August 26th were given a $0.0549 dividend. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 1.6%.

About ConvaTec Group

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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.

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Analyst Recommendations for ConvaTec Group (OTCMKTS:CNVVY)

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