The stock of CVS Group Plc (LON:CVSG) hit a new 52-week high and has GBX 1075.01 target or 4.00% above today’s GBX 1033.66 share price. The 7 months bullish chart indicates low risk for the GBX 624.26M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 1075.01 price target is reached, the company will be worth GBX 24.97M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.32% or GBX 3.34 on November 25, hitting GBX 1033.66. About 395,915 shares traded hands or 19.31% up from the average. CVS Group Plc (LON:CVSG) has risen 42.51% since April 29, 2016 and is uptrending. It has outperformed by 37.10% the S&P500.
CVS Group Plc (LON:CVSG) Ratings Coverage
Out of 4 analysts covering CVS Group PLC (LON:CVSG), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. CVS Group PLC has been the topic of 22 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Thursday, October 20 the stock rating was maintained by Berenberg with “Buy”. Berenberg maintained CVS Group Plc (LON:CVSG) on Friday, July 29 with “Buy” rating. Investec maintained CVS Group Plc (LON:CVSG) rating on Tuesday, August 2. Investec has “Buy” rating and GBX 880 price target. The rating was maintained by N+1 Singer with “Corporate” on Friday, September 25. The firm has “Buy” rating given on Thursday, November 24 by Peel Hunt. On Friday, October 2 the stock rating was maintained by Berenberg with “Buy”. The rating was maintained by Peel Hunt on Monday, July 25 with “Buy”. The stock of CVS Group Plc (LON:CVSG) earned “Buy” rating by Peel Hunt on Thursday, November 26. Investec maintained CVS Group Plc (LON:CVSG) rating on Friday, July 31. Investec has “Buy” rating and GBX 760 price target. The rating was maintained by N+1 Singer on Monday, October 26 with “Corporate”.
CVS Group plc is a holding company. The principal activities of the Company are to operate animal veterinary practices, veterinary diagnostic businesses, pet crematoria and an online pharmacy and retail business. The company has a market cap of 624.26 million GBP. The Company’s divisions are Veterinary Practice, Laboratories, Pet Crematoria and Animed Direct. It has a 90.28 P/E ratio. The Veterinary Practice segment offers treatment for companion animals, equine and farm animals.
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