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ConvaTec ( (GB:CTEC) ) has shared an announcement.
ConvaTec Group PLC has announced the repurchase of 735,364 ordinary shares as part of its ongoing $300 million share buyback program initiated in August 2025. This transaction reflects ConvaTec’s commitment to enhancing shareholder value and optimizing its capital structure, with the purchased shares being held in treasury. The company’s total voting rights now stand at 1,998,035,808 ordinary shares, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:CTEC) stock is a Buy with a £2.82 price target. To see the full list of analyst forecasts on ConvaTec stock, see the GB:CTEC Stock Forecast page.
Spark’s Take on GB:CTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:CTEC is a Outperform.
ConvaTec’s overall stock score reflects its strong financial performance, which is the most significant factor. The company’s robust revenue growth, profitability, and cash flow management are key strengths. However, technical analysis indicates mixed signals, and the valuation suggests the stock may be overvalued, which could limit future gains. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:CTEC stock, click here.
More about ConvaTec
ConvaTec Group PLC operates in the medical products and technologies industry, focusing on products for chronic conditions such as wound care, ostomy care, continence and critical care, and infusion care. The company aims to improve the lives of patients and healthcare providers by offering innovative solutions and maintaining a strong presence in the global healthcare market.
Average Trading Volume: 7,616,529
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.84B
For detailed information about CTEC stock, go to TipRanks’ Stock Analysis page.