CVS Group (LON:CVSG) Insider Acquires £20,489.04 in Stock

CVS Group plc (LON:CVSG) insider Joanne Shaw bought 1,592 shares of CVS Group stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of GBX 1,287 per share, for a total transaction of £20,489.04.

CVS Group Stock Up 0.4%

Shares of LON:CVSG opened at GBX 1,299 on Friday. The company has a debt-to-equity ratio of 92.34, a current ratio of 1.07 and a quick ratio of 0.90. The stock has a market cap of £889.07 million, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.77 and a beta of 1.07. The company has a 50 day moving average of GBX 1,238.55 and a 200-day moving average of GBX 1,240.34. CVS Group plc has a one year low of GBX 1,062 and a one year high of GBX 1,648.

CVS Group declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 26th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on CVSG. Jefferies Financial Group upped their target price on shares of CVS Group from GBX 1,350 to GBX 1,400 and gave the company a “hold” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,700 price target on shares of CVS Group in a research report on Monday, July 27th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,000 price objective on shares of CVS Group in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,720.

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.