Joanne Shaw Buys 1,592 Shares of CVS Group (LON:CVSG) Stock

CVS Group plc (LON:CVSGGet Free Report) insider Joanne Shaw acquired 1,592 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of GBX 1,287 per share, for a total transaction of £20,489.04.

CVS Group Trading Up 0.8%

CVSG traded up GBX 10.10 during mid-day trading on Tuesday, hitting GBX 1,300.10. 129,076 shares of the stock were exchanged, compared to its average volume of 950,214. The firm’s fifty day moving average is GBX 1,235.13 and its two-hundred day moving average is GBX 1,241.15. CVS Group plc has a 1-year low of GBX 1,062 and a 1-year high of GBX 1,648. The company has a market cap of £889.83 million, a PE ratio of 18.87, a PEG ratio of 1.77 and a beta of 1.07. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 92.34.

CVS Group announced that its Board of Directors has initiated a share buyback program on Tuesday, May 26th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

CVSG has been the subject of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 2,000 price objective on shares of CVS Group in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,700 target price on shares of CVS Group in a report on Monday, July 27th. Finally, Jefferies Financial Group boosted their price target on shares of CVS Group from GBX 1,350 to GBX 1,400 and gave the stock a “hold” rating in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,720.

Get Our Latest Stock Report on CVS Group

About CVS Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for CVS Group (LON:CVSG)

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