CVS Group (LON:CVSG) Share Price Crosses Below 200 Day Moving Average – Here’s Why

CVS Group plc (LON:CVSGGet Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,271.14 and traded as low as GBX 1,158. CVS Group shares last traded at GBX 1,163, with a volume of 634,632 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,900 price target on shares of CVS Group in a research report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,724.

Check Out Our Latest Stock Analysis on CVS Group

CVS Group Stock Down 3.2%

The company has a market cap of £815.93 million, a PE ratio of 16.88, a P/E/G ratio of 1.77 and a beta of 1.07. The business has a 50-day simple moving average of GBX 1,238.45 and a 200-day simple moving average of GBX 1,271.14. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 121.52.

CVS Group (LON:CVSGGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 40.20 earnings per share (EPS) for the quarter. CVS Group had a return on equity of 5.35% and a net margin of 2.31%. Equities research analysts anticipate that CVS Group plc will post 93.9393939 EPS for the current year.

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.

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