CVS Group (CVSG)

Sector:

Retailers

Index:

FTSE AIM 50

 818.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,704.00p
  • 52 Week Low: 798.00p
  • Currency: UK Pounds
  • Shares Issued: 71.74m
  • Volume: 0
  • Market Cap: £586.83m
  • RiskGrade: 136
  • Beta: 0.01

CVS Group trading 'slightly ahead' of expectations

By Iain Gilbert

Date: Thursday 28 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Veterinary services provider CVS Group said on Thursday that trading in the first four months of the year had been slightly ahead of expectations.
Following on from an improved performance in the second half of the previous year, CVS said total sales had grown 16.8% year-to-date, while like-for-like sales rose 8.0%.

In its core Practices division, LFL sales increased 7.4%, primarily reflecting a continued focus on high-quality clinical work, including increased volume and value of referrals within the company.

CVS said it was also helped by a price increase in its Healthy Pet Club preventative medicine scheme in February 2019 and a "modest price increase" applied to veterinary fees in its UK small animal business on 1 July.

The AIM-listed group acknowledged that comparatives would become "more challenging" in the second half, given the improved second-half performance seen in the previous financial year but said it was "naturally pleased" with its year-to-date performance.

Analysts at Berenberg upped their price target on CVS from 1,100p to 1,200p as they reiterated their 'buy' rating on the group, praising its "excellent year of turnaround".

"While the company has today upgraded guidance by circa 3%, we believe that these results imply further organic upgrades should be expected, though with the potential for more meaningful earnings momentum if the company returns to making more regular acquisitions," said Berenberg.

As of 1100 GMT, CVS shares were up 4.430% at 1,077.42p.

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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 818.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,704.00p
52 Week Low 798.00p
Volume 0
Shares Issued 71.74m
Market Cap £586.83m
Beta 0.01
RiskGrade 136

CVS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.07% below the market average0.07% below the market average0.07% below the market average0.07% below the market average0.07% below the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Price Trend
70.09% below the market average70.09% below the market average70.09% below the market average70.09% below the market average70.09% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income
87.25% below the market average87.25% below the market average87.25% below the market average87.25% below the market average87.25% 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
46.9% below the market average46.9% below the market average46.9% below the market average46.9% below the market average46.9% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 1
Sell 1
Strong Sell 0
Total 10
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 --2025

Time Volume / Share Price
0 @ 0.000p

CVS Group Key Personnel

CEO Richard Fairman
Finance Director Robin Alfonso

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