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ConvaTec ( (GB:CTEC) ) has shared an announcement.
ConvaTec Group PLC has executed a share buyback, purchasing 1,560,372 ordinary shares as part of its $300 million share buyback program announced in August 2025. The shares, bought at an average price of 247.41 pence, will be held in treasury, increasing the company’s treasury shares to 54,552,058. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
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 and services for advanced wound care, ostomy care, continence and critical care, and infusion devices. The company aims to improve the lives of people with chronic conditions and is a significant player in the healthcare market.
Average Trading Volume: 7,746,566
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.96B
See more data about CTEC stock on TipRanks’ Stock Analysis page.