CVS Group (LON:CVSG) Share Price Passes Below 200 Day Moving Average – What’s Next?

CVS Group plc (LON:CVSG) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,247.08 and traded as low as GBX 1,210. CVS Group shares last traded at GBX 1,226, with a volume of 3,600,761 shares changing hands.

Wall Street Analysts Forecast Growth

CVSG has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on CVS Group from GBX 1,500 to GBX 1,900 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price on CVS Group from GBX 1,500 to GBX 1,700 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised their target price on CVS Group from GBX 1,250 to GBX 1,420 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 2,000 price target on shares of CVS Group in a research note on Tuesday, November 18th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 1,600 price target on shares of CVS Group in a report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,724.

CVS Group Trading Down 0.2%

The company has a 50 day moving average of GBX 1,255.66 and a 200 day moving average of GBX 1,247.10. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 110.52. The firm has a market cap of £883.11 million, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02.

CVS Group (LON:CVSG) last released its quarterly earnings data on Tuesday, October 7th. The company reported GBX 80.10 earnings per share (EPS) for the quarter. CVS Group had a return on equity of 7.86% and a net margin of 3.20%. As a group, research analysts anticipate that CVS Group plc will post 93.9393939 EPS for the current year.

Insider Activity

In other news, insider Joanne Shaw purchased 825 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average cost of GBX 1,211 per share, with a total value of £9,990.75. Also, insider Robin Alfonso purchased 870 shares of CVS Group stock in a transaction on Monday, November 17th. The stock was purchased at an average price of GBX 1,147 per share, for a total transaction of £9,978.90. Over the last 90 days, insiders have acquired 5,430 shares of company stock worth $6,543,755. Company insiders own 1.40% of the company’s stock.

CVS Group Company Profile

CVS Group plc, together with its subsidiaries, engages in veterinary, pet crematoria, online pharmacy, and retail businesses. The company operates through four segments: Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. It operates in animal veterinary practices and complementary veterinary diagnostic businesses.