Berenberg Bank Reiterates “Buy” Rating for CVS Group (LON:CVSG)

CVS Group (LON:CVSG)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 2,000 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 59.62% from the stock’s current price.

Separately, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,900 target price on shares of CVS Group in a research note on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,724.

CVS Group Price Performance

Shares of CVSG stock opened at GBX 1,253 on Tuesday. The company has a debt-to-equity ratio of 121.52, a current ratio of 1.07 and a quick ratio of 0.90. The company has a market capitalization of £879.07 million, a P/E ratio of 18.19, a P/E/G ratio of 1.77 and a beta of 1.02. The company’s 50-day simple moving average is GBX 1,173.22 and its two-hundred day simple moving average is GBX 1,244.02. CVS Group has a one year low of GBX 1,062 and a one year high of GBX 1,648.

CVS Group (LON:CVSG) last issued its earnings results on Thursday, February 26th. The company reported GBX 40.20 EPS for the quarter. CVS Group had a net margin of 2.31% and a return on equity of 5.35%. As a group, equities analysts anticipate that CVS Group will post 93.9393939 EPS for the current year.

About CVS Group

CVS Group is a leading provider of veterinary services, operating in the UK and Australia, listed on the Main Market of the London Stock Exchange. CVS is focused on providing high-quality clinical services to its clients and their animals, with outstanding and dedicated clinical teams and support colleagues at the core of its strategy.

The Group operates from over 475 veterinary practices across its two territories, including specialist referral hospitals and dedicated out-of-hours sites. Alongside the core Veterinary Practices division, CVS operates Laboratories (providing diagnostic services to CVS and third-parties) and an online retail business (“Animed Direct”).

The Group employs c.8,900 personnel, including c.2,400 veterinary surgeons and c.3,300 nurses.