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Home / Momentum / Convatec (CTEC.L) 10-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Convatec (CTEC.L) 10-01-20

Will shares in Convatec (CTEC.L) continue to rally, setting new recent highs?

 

  • Now trading at 211.1p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -0% from 12-month highs; +78% from 12 month lows.

Latest News

09 Dec:  RBC Capital Markets has downgraded its rating on ConvaTec Group Plc (CTEC) to sector performer (from outperform) and reduced the target price to 197p  (from 210p).

29 Nov:  Jefferies International reiterates its buy rating on ConvaTec Group Plc (CTEC) and increased the target price to 220p (from 145p).

01 Nov:  Barclays Capital reiterates its equal weight rating on ConvaTec Group Plc (CTEC) and increased the target price to 185p (from 130p).

31 Oct:  JP Morgan Cazenove reiterates its neutral rating on ConvaTec Group Plc (CTEC) and reduced the target price to 171p (from 174p).

30 Oct:  Goldman Sachs reiterates its neutral rating on ConvaTec Group Plc (CTEC) and increased the target price to 183p (from 118p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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