CVS Group (LON:CVSG) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• CVS Group shares crossed below their 200-day moving average
• Analysts remain generally positive: four Buys and one Hold give a consensus rating of Moderate Buy with an average price target of GBX 1,724, and Royal Bank of Canada recently reiterated an Outperform rating with a GBX 1,900 target.
• Key fundamentals show a market cap of £827.15M and a PE of 17.11, but relatively high leverage (debt-to-equity 121.52) and modest profitability (net margin 2.31%, ROE 5.35%).

CVS Group plc (LON:CVSG - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,274.32 and traded as low as GBX 1,135. CVS Group shares last traded at GBX 1,188, with a volume of 5,349,001 shares changing hands.

Wall Street Analyst Weigh In

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

CVS Group Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 121.52. The company has a market capitalization of £827.15 million, a PE ratio of 17.11, a PEG ratio of 1.77 and a beta of 1.07. The stock's fifty day simple moving average is GBX 1,273.88 and its 200-day simple moving average is GBX 1,274.32.

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

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.

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