Today: CVS Group Plc (CVSG) Price Target Raised to GBX 1,085 at Investec

Today: CVS Group Plc (CVSG) Price Target Raised to GBX 1,085 at Investec

CVS Group Plc (LON:CVSG) had its price objective hoisted by analysts at Investec from GBX 995 ($12.34) to GBX 1,085 ($13.46) in a report issued on Monday. The brokerage presently has an “add” rating on the stock. Investec’s price objective would suggest a potential upside of 4.97% from the stock’s current price.

CVSG has been the subject of several other research reports. N+1 Singer reiterated a “corporate” rating on shares of CVS Group Plc in a report on Friday, September 23rd. Peel Hunt reiterated a “buy” rating and set a GBX 1,000 ($12.41) price target on shares of CVS Group Plc in a report on Thursday. Finally, Berenberg Bank boosted their price target on shares of CVS Group Plc from GBX 910 ($11.29) to GBX 1,000 ($12.41) and gave the stock a “buy” rating in a report on Thursday, October 20th.

Shares of CVS Group Plc (LON:CVSG) traded up 0.95% on Monday, hitting GBX 1066.00. 261,988 shares of the company traded hands. CVS Group Plc has a 12 month low of GBX 645.00 and a 12 month high of GBX 1,075.00. The stock’s 50-day moving average price is GBX 883.89 and its 200-day moving average price is GBX 842.10. The company’s market capitalization is GBX 639.58 million.

The business also recently announced a dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 24th will be issued a GBX 3.50 ($0.04) dividend. This is a boost from CVS Group Plc’s previous dividend of $3.00. The ex-dividend date is Thursday, November 24th. This represents a dividend yield of 0.37%.

In related news, insider Mike McCollum bought 3,049 shares of the stock in a transaction dated Friday, October 21st. The stock was acquired at an average price of GBX 862 ($10.69) per share, for a total transaction of £26,282.38 ($32,604.37). Also, insider Richard A. Connell bought 2,109 shares of the stock in a transaction dated Friday, October 28th. The stock was bought at an average price of GBX 878 ($10.89) per share, with a total value of £18,517.02 ($22,971.12).

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