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

CVS Group plc (LON:CVSG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,282.44 and traded as low as GBX 1,114. CVS Group shares last traded at GBX 1,148, with a volume of 286,049 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,900 price objective on shares of CVS Group in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,724.

CVS Group Stock Up 1.1%

The firm’s fifty day simple moving average is GBX 1,324.11 and its 200 day simple moving average is GBX 1,282.44. The stock has a market capitalization of £805.39 million, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.77 and a beta of 1.03. The company has a debt-to-equity ratio of 121.52, a quick ratio of 0.90 and a current ratio of 1.07.

CVS Group (LON:CVSG) last issued its quarterly earnings data on Thursday, February 26th. The company reported GBX 40.20 EPS for the quarter. CVS Group had a net margin of 2.31% and a return on equity of 5.35%. On average, sell-side analysts forecast that CVS Group plc will post 93.9393939 earnings per share for the current year.

Insider Activity at CVS Group

In other news, insider Richard Gray purchased 2,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of £1,276.96 per share, for a total transaction of £2,553,920. Insiders own 1.42% of the company’s stock.

CVS Group Company Profile

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.