Peel Hunt Reaffirms Buy Rating for CVS Group (LON:CVSG)

Key Points

• Peel Hunt has reaffirmed a "buy" rating for CVS Group (LON:CVSG) with a target price of GBX 1,600, indicating a potential upside of 16.28% from the current stock price.
• Other firms, including Berenberg Bank and Royal Bank of Canada, have also given positive ratings with price targets of GBX 2,000 and GBX 1,500, respectively.
• CVS Group's stock value increased by 10.1% recently, bringing its trading price to GBX 1,376, with a market capitalization of approximately £987.14 million.

CVS Group (LON:CVSG - Get Free Report)'s stock had its "buy" rating restated by analysts at Peel Hunt in a report released on Tuesday,Digital Look reports. They currently have a GBX 1,600 target price on the stock. Peel Hunt's price objective suggests a potential upside of 16.28% from the stock's previous close.

Several other research firms have also recently commented on CVSG. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 2,000 price objective on shares of CVS Group in a research report on Tuesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 1,500 price target on shares of CVS Group in a report on Friday, August 29th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 1,700.

CVS Group Trading Up 10.1%

CVS Group stock traded up GBX 126 during midday trading on Tuesday, hitting GBX 1,376. 640,634 shares of the stock were exchanged, compared to its average volume of 342,101. CVS Group has a 52 week low of GBX 791 and a 52 week high of GBX 1,398. The company has a quick ratio of 0.90, a current ratio of 1.09 and a debt-to-equity ratio of 110.52. The stock has a market capitalization of £987.14 million, a PE ratio of 36,210.53, a P/E/G ratio of 1.77 and a beta of 1.02. The company has a fifty day simple moving average of GBX 1,235.56 and a two-hundred day simple moving average of GBX 1,191.40.

CVS Group (LON:CVSG - Get Free Report) last posted its earnings results on Tuesday, October 7th. The company reported GBX 80.10 earnings per share (EPS) for the quarter. CVS Group had a return on equity of 7.86% and a net margin of 3.20%. Equities research analysts anticipate that CVS Group will post 93.9393939 EPS for the current fiscal year.

Insider Activity at CVS Group

In other news, insider Richard Fairman bought 1,644 shares of the company's stock in a transaction dated Friday, July 11th. The shares were bought at an average cost of GBX 1,216 per share, with a total value of £19,991.04. 1.38% of the stock is currently owned by company insiders.

About CVS Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.