CVS Group (LON:CVSG) Sets New 1-Year Low – Time to Sell?

CVS Group plc (LON:CVSG) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 887 ($11.55) and last traded at GBX 891 ($11.60), with a volume of 104462 shares. The stock had previously closed at GBX 906 ($11.79).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,370 ($30.85) target price on shares of CVS Group in a research note on Thursday, July 25th.

CVS Group Stock Down 2.4 %

The business’s 50 day simple moving average is GBX 1,059.13 and its 200-day simple moving average is GBX 1,056.83. 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 company has a market cap of £634.26 million, a price-to-earnings ratio of 2,466.20, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02.

CVS Group Increases Dividend

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

CVS Group Company Profile

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.