CVS Group (CVSG)

Sector:

Retailers

Index:

FTSE AIM 50

993.00p
   
  • Change Today:
    -23.00p
  • 52 Week High: 1,196.00p
  • 52 Week Low: 798.00p
  • Currency: UK Pounds
  • Shares Issued: 71.74m
  • Volume: 231,991
  • Market Cap: £712.38m
  • RiskGrade: 136

CVS can claw back lost ground, RBC thinks

By Oliver Haill

Date: Monday 20 Aug 2018

LONDON (ShareCast) - (Sharecast News) - CVS Group's shares present an opportunity for investors, said RBC Capital Markets, if the veterinary services chain can demonstrate that it can overcome short term issues seen with recent acquisitions.
Shares in the AIM-listed group lost around 19% of their value since the start of August after a trading update revealed "lower than anticipated short-term performance of some acquisitions" on a like-for-like basis.

This share price "reset", the second in a year for CVS after hitting an all-time high last November before later that month admitting LFL growth had been slower than previous periods, "represents an opportunity to us", said RBC, upgrading its rating to 'outperform' from 'sector perform'.

Analysts at the investment bank cut their earnings per share forecasts for the current year 5.3% but upped estimates for 2019 and 2020 by more than 3%.

"The underperformance of recent acquisitions (52 made in FY18) is something of a surprise, given the company has an extensive track record in making acquisitions since IPO (over 450) but we think these issues will remain short term in nature," the analysts wrote.

Consensus forecasts are "now at a more realistic level" and incorporating higher operational costs, so RBC thinks forecast volatility "should reduce the bar for future acquisitions".

The target price was cut to 1,190p from 1,230p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CVS Group Market Data

Currency UK Pounds
Share Price 993.00p
Change Today -23.00p
% Change -2.26 %
52 Week High 1,196.00p
52 Week Low 798.00p
Volume 231,991
Shares Issued 71.74m
Market Cap £712.38m
RiskGrade 136

CVS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.78% below the market average46.78% below the market average46.78% below the market average46.78% below the market average46.78% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
7.01% below the market average7.01% below the market average7.01% below the market average7.01% below the market average7.01% below the market average
5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average
Income
90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Growth
35.27% below the market average35.27% below the market average35.27% below the market average35.27% below the market average35.27% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CVS Group Dividends

  Latest Previous
  Final Final
Ex-Div 31-Oct-24 02-Nov-23
Paid 29-Nov-24 08-Dec-23
Amount 8.00p 7.50p

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 297 @ 993.00p
16:35 297 @ 993.00p
16:35 174 @ 993.00p
16:35 31,271 @ 993.00p
16:35 141 @ 993.00p

CVS Group Key Personnel

CEO Richard Fairman
Finance Director Robin Alfonso

Top of Page