CVS Group (CVSG)

Sector:

Retailers

Index:

FTSE AIM 50

975.00p
   
  • Change Today:
    -44.00p
  • 52 Week High: 2,192.00
  • 52 Week Low: 972.00
  • Currency: UK Pounds
  • Shares Issued: 71.70m
  • Volume: 243,181
  • Market Cap: £699.09m
  • RiskGrade: 136

RBC Capital Markets raises target price on CVS Group

By Iain Gilbert

Date: Thursday 07 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets has raised their target price on veterinary services provider CVS Group from 2,750.0p to 3,100.0p.
RBC said on Thursday that the primary reason for its price target revision was its assertion that the Competition and Markets Authority was likely to rule in the firm's favour in regards to its recent acquisition of Quality Pet Care.

The Canadian bank, which has an 'outperform' raring on the stock, stated it had researched historical CMA actions to address two key investor concerns - what could be the outcome and impact on CVS from the recent CMA investigation, and what were the wider ramifications of this investigation with respect to the ongoing consolidation of the UK vet market.

"Our proprietary analysis suggests that, at worst, there will be minimal impact for CVS, with divestment of one site. Our work also suggests there is further scope for consolidation in the UK vet market," said the analysts.

"We see the organic growth remaining the key driver for the investment thesis, and we are confident CVS can continue to outperform the market. We believe there are long-term growth opportunities both in the market and in terms of CVS' own improving operational capabilities, and we think the fall in share price on the CMA news was an over-reaction."

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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 975.00p
Change Today -44.00p
% Change -4.32 %
52 Week High 2,192.00
52 Week Low 972.00
Volume 243,181
Shares Issued 71.70m
Market Cap £699.09m
RiskGrade 136

CVS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.04% below the market average78.04% below the market average78.04% below the market average78.04% below the market average78.04% below the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average
Price Trend
69.71% below the market average69.71% below the market average69.71% below the market average69.71% below the market average69.71% below the market average
85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average
Income
93.44% below the market average93.44% below the market average93.44% below the market average93.44% below the market average93.44% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
36.92% above the market average36.92% above the market average36.92% above the market average36.92% above the market average36.92% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
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 02-Nov-23 17-Nov-22
Paid 08-Dec-23 02-Dec-22
Amount 7.50p 7.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:37 20,000 @ 977.14p
16:36 23,426 @ 976.71p
16:35 9,654 @ 975.00p
16:35 49,465 @ 975.00p
16:35 435 @ 975.00p

CVS Group Key Personnel

CEO Richard Fairman
Finance Director Robin Alfonso

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