CVS Group (LON:CVSG) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

CVS Group plc (LON:CVSG – Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 1,226.33 and traded as low as GBX 1,168. CVS Group shares last traded at GBX 1,183, with a volume of 186,123 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CVSG. Jefferies Financial Group restated a “hold” rating and set a GBX 1,400 price objective on shares of CVS Group in a research note on Friday, September 25th. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 1,400 price objective on shares of CVS Group in a report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,700 target price on shares of CVS Group in a research note on Monday, July 27th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 2,000 target price on shares of CVS Group in a report on Thursday, September 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,666.67.

Check Out Our Latest Analysis on CVS Group

CVS Group Stock Performance

The stock has a market cap of £829.77 million, a price-to-earnings ratio of 50.62, a PEG ratio of 1.77 and a beta of 1.07. The company has a debt-to-equity ratio of 110.41, a quick ratio of 0.90 and a current ratio of 1.18. The company’s 50 day simple moving average is GBX 1,269.86 and its 200 day simple moving average is GBX 1,226.67.

CVS Group (LON:CVSG – Get Free Report) last posted its quarterly earnings data on Thursday, September 24th. The company reported GBX 85.60 EPS for the quarter. CVS Group had a return on equity of 5.91% and a net margin of 2.43%. On average, equities research analysts anticipate that CVS Group plc will post 93.94 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joanne Shaw purchased 1,592 shares of CVS Group stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of GBX 1,287 per share, with a total value of £20,489.04. Also, insider Robin Alfonso acquired 768 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were bought at an average cost of GBX 1,294 per share, for a total transaction of £9,937.92. In the last 90 days, insiders bought 3,860 shares of company stock valued at $4,956,696. Company insiders own 1.48% of the company’s stock.

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

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