CVS Group (LON:CVSG) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

CVS Group plc (LON:CVSG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,248.06 and traded as high as GBX 1,256. CVS Group shares last traded at GBX 1,208, with a volume of 316,202 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CVSG shares. Berenberg Bank restated a “buy” rating and set a GBX 2,000 price objective on shares of CVS Group in a research report on Wednesday, October 15th. Royal Bank Of Canada boosted their price objective on shares of CVS Group from GBX 1,500 to GBX 1,900 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Peel Hunt reissued a “buy” rating and set a GBX 1,600 target price on shares of CVS Group in a research note on Tuesday, October 7th. Jefferies Financial Group boosted their price target on shares of CVS Group from GBX 1,250 to GBX 1,420 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on CVS Group from GBX 1,500 to GBX 1,700 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,724.

CVS Group Trading Up 0.7%

The company has a debt-to-equity ratio of 110.52, a current ratio of 1.09 and a quick ratio of 0.90. The company has a market capitalization of £864.88 million, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02. The business has a fifty day moving average price of GBX 1,282.02 and a 200 day moving average price of GBX 1,249.84.

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%. On average, equities analysts expect that CVS Group plc will post 93.9393939 EPS for the current fiscal year.

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.