CVS Group plc (LON:CVSG – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,246.80 and traded as low as GBX 1,235. CVS Group shares last traded at GBX 1,257, with a volume of 201,668 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 1,900 price target on shares of CVS Group in a research report on Thursday, March 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,000 price objective on shares of CVS Group in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,724.
View Our Latest Stock Report on CVS Group
CVS Group Stock Performance
CVS Group announced that its board has approved a stock buyback plan on Tuesday, May 26th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
Insider Buying and Selling at CVS Group
In other news, insider Scott Morrison purchased 987 shares of the stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average cost of GBX 1,270 per share, for a total transaction of £12,534.90. Corporate insiders own 1.42% of the company’s stock.
About CVS Group
CVS Group is a leading provider of veterinary services, operating in the UK and Australia, listed on the Main Market of the London Stock Exchange. CVS is focused on providing high-quality clinical services to its clients and their animals, with outstanding and dedicated clinical teams and support colleagues at the core of its strategy.
The Group operates from over 475 veterinary practices across its two territories, including specialist referral hospitals and dedicated out-of-hours sites. Alongside the core Veterinary Practices division, CVS operates Laboratories (providing diagnostic services to CVS and third-parties) and an online retail business (“Animed Direct”).
The Group employs c.8,900 personnel, including c.2,400 veterinary surgeons and c.3,300 nurses.
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