CVS Group (LON:CVSG) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• CVS Group's stock recently crossed above its 200-day moving average, trading at GBX 1,230 ($16.48) with analysts indicating an average target price of GBX 1,750.
• Research firms like Royal Bank of Canada and Berenberg Bank have issued price targets of GBX 1,500 and GBX 2,000, respectively, with both maintaining a Buy rating on the stock.
• Insider Richard Fairman bought 1,644 shares at an average price of GBX 1,216, indicating confidence in the company's prospects, although company insiders own only 1.38% of the stock.

Shares of CVS Group plc (LON:CVSG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,179.64 ($15.81) and traded as high as GBX 1,234 ($16.54). CVS Group shares last traded at GBX 1,230 ($16.48), with a volume of 293,695 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,500 price objective on shares of CVS Group in a research report on Friday, August 29th. Berenberg Bank reiterated a "buy" rating and set a GBX 2,000 price target on shares of CVS Group in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CVS Group has an average rating of "Buy" and a consensus target price of GBX 1,750.

CVS Group Stock Performance

The stock has a market cap of £882.40 million, a PE ratio of 32,368.42, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02. 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 business has a 50 day moving average price of GBX 1,232.88 and a two-hundred day moving average price of GBX 1,179.64.

Insider Buying and Selling at CVS Group

In related news, insider Richard Fairman acquired 1,644 shares of the company's stock in a transaction dated Friday, July 11th. The stock was purchased at an average price of GBX 1,216 per share, with a total value of £19,991.04. Company insiders own 1.38% of the company's stock.

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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