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 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 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

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