CVS Group (LON:CVSG) Sets New 12-Month Low – Here’s Why

CVS Group plc (LON:CVSG) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 860 ($11.07) and last traded at GBX 867.16 ($11.16), with a volume of 198784 shares traded. The stock had previously closed at GBX 883 ($11.36).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 2,370 ($30.50) target price on shares of CVS Group in a research note on Thursday, July 25th.

CVS Group Price Performance

The company has a debt-to-equity ratio of 110.48, a quick ratio of 0.90 and a current ratio of 1.09. The stock has a market capitalization of £605.49 million, a PE ratio of 2,327.78, a P/E/G ratio of 1.77 and a beta of 1.02. The company’s fifty day simple moving average is GBX 1,029.21 and its two-hundred day simple moving average is GBX 1,052.13.

CVS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 31st will be paid a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 0.71%. This is a boost from CVS Group’s previous dividend of $7.50. The ex-dividend date is Thursday, October 31st. CVS Group’s dividend payout ratio (DPR) is 2,222.22%.

About CVS Group

CVS Group plc, together with its subsidiaries, engages in veterinary, pet crematoria, online pharmacy, and retail businesses. The company operates through four segments: Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. It operates in animal veterinary practices and complementary veterinary diagnostic businesses.