CVS Group (LON:CVSG) Hits New 12-Month High - What's Next?

Key Points

• CVS Group plc shares reached a new **52-week high** of GBX 1,648 ($21.95) with a trading volume of 6,783,565 shares, closing at GBX 1,466 ($19.53) on the latest trading day.
• Analysts have set optimistic price targets for the stock, with **Berenberg Bank** at GBX 2,000 and **Peel Hunt** at GBX 1,600, reflecting a **consensus rating of "Buy"** and an average target of GBX 1,700.
• The company reported an **earnings per share** of GBX 80.10 for the last quarter, with predictions suggesting an EPS of approximately 93.94 for the current fiscal year.

Shares of CVS Group plc (LON:CVSG - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as GBX 1,648 ($21.95) and last traded at GBX 1,466 ($19.53), with a volume of 6783565 shares. The stock had previously closed at GBX 1,400 ($18.65).

Analysts Set New Price Targets

Several analysts have recently issued reports on CVSG shares. 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, September 2nd. Peel Hunt reiterated a "buy" rating and set a GBX 1,600 price target on shares of CVS Group in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a GBX 1,500 price target on shares of CVS Group in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 1,700.

CVS Group Stock Performance

The firm has a 50 day moving average of GBX 1,254.56 and a two-hundred day moving average of GBX 1,205.59. The stock has a market cap of £1.02 billion, a P/E ratio of 37,368.42, a P/E/G ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 110.52, a quick ratio of 0.90 and a current ratio of 1.09.

CVS Group (LON:CVSG - Get Free Report) last announced its earnings results on Tuesday, October 7th. The company reported GBX 80.10 earnings per share for the quarter. CVS Group had a return on equity of 7.86% and a net margin of 3.20%. On average, research analysts predict 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.

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