Peel Hunt upgraded shares of ConvaTec Group (OTCMKTS:CNVVY – Free Report) from a hold rating to a moderate buy rating in a research note released on Monday morning,Zacks.com reports.
ConvaTec Group Trading Up 4.6 %
Shares of ConvaTec Group stock opened at $14.21 on Monday. ConvaTec Group has a 12 month low of $10.77 and a 12 month high of $14.50. The business’s 50-day moving average price is $13.22 and its 200-day moving average price is $12.25.
ConvaTec Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.1847 per share. The ex-dividend date is Tuesday, April 22nd. This is an increase from ConvaTec Group’s previous dividend of $0.06.
About ConvaTec Group
ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns.
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