Peel Hunt Lowers CVS Group Plc (CVSG) to Add

Peel Hunt cut shares of CVS Group Plc (LON:CVSG) to an add rating in a research note released on Friday. The firm currently has GBX 1,000 ($13.05) price target on the stock, up from their previous price target of GBX 950 ($12.40).

A number of other brokerages have also recently issued reports on CVSG. Berenberg Bank lifted their price objective on CVS Group Plc from GBX 880 ($11.49) to GBX 910 ($11.88) and gave the company a buy rating in a research note on Friday, July 29th. Investec reiterated a buy rating and set a GBX 880 ($11.49) price objective on shares of CVS Group Plc in a research note on Tuesday, August 2nd.

CVS Group Plc (LON:CVSG) opened at 900.00 on Friday. The company’s market cap is GBX 539.98 million. The stock’s 50 day moving average price is GBX 921.30 and its 200 day moving average price is GBX 805.22. CVS Group Plc has a 1-year low of GBX 645.00 and a 1-year high of GBX 979.50.

The firm also recently declared a dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 24th will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 0.37%. This is a boost from CVS Group Plc’s previous dividend of $3.00.

In other CVS Group Plc news, insider Connell,Richard A purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was purchased at an average price of GBX 689 ($8.99) per share, for a total transaction of £6,890 ($8,993.60).

CVS Group Plc Company Profile

CVS Group plc is a provider of veterinary services. The Company operates through four segments: Veterinary Practice, Laboratory, Crematoria and Animed Direct. Its Veterinary Practice Division operates around 298 surgeries across the country, and also offers services, including healthy pet club (HPC) loyalty scheme; Pet Medic Recruitment, recruiting locums and permanent staff; MiPet own brand products, and MiVetClub buying group.

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