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The latest announcement is out from ConvaTec ( (GB:CTEC) ).
ConvaTec Group PLC has announced a change in the voting rights held by Black Creek Investment Management Inc., a Canadian investment management firm. The firm’s voting rights in ConvaTec have decreased from 4.83% to 3.99%, as of April 24, 2025. This adjustment reflects a disposal of shares, impacting the company’s shareholder structure. The shares are owned by 15 separate funds and clients, with Black Creek acting as the investment fund manager and exercising voting rights on their behalf.
Spark’s Take on GB:CTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:CTEC is a Outperform.
ConvaTec’s strong financial performance and positive corporate events drive a solid stock score. The company shows robust revenue growth, efficient cash flow management, and strategic innovation focus. However, a high P/E ratio suggests potential overvaluation, slightly impacting the overall score. Stable technical momentum and a positive sales outlook further reinforce confidence in the stock.
To see Spark’s full report on GB:CTEC stock, click here.
More about ConvaTec
ConvaTec Group PLC is a UK-based company operating in the medical products and technologies industry. It specializes in providing advanced wound care, ostomy care, continence and critical care, and infusion devices, focusing on improving the lives of people with chronic conditions.
YTD Price Performance: 17.39%
Average Trading Volume: 6,455,624
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.23B
See more data about CTEC stock on TipRanks’ Stock Analysis page.