CVS Group (LON:CVSG) Hits New 12-Month Low - Here's Why

CVS Group plc (LON:CVSG - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 901 ($11.68) and last traded at GBX 907.35 ($11.77), with a volume of 274252 shares changing hands. The stock had previously closed at GBX 915 ($11.87).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 2,370 ($30.74) price objective on shares of CVS Group in a research report on Thursday, July 25th.

CVS Group Stock Down 0.9 %

The firm's 50 day moving average is GBX 1,080.17 and its two-hundred day moving average is GBX 1,057.01. The stock has a market cap of £650.68 million, a price-to-earnings ratio of 2,519.58, a P/E/G ratio of 1.77 and a beta of 1.02. The company has a current ratio of 1.09, a quick ratio of 0.90 and a debt-to-equity ratio of 110.48.

CVS Group Increases Dividend

The business 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. The ex-dividend date is Thursday, October 31st. This represents a dividend yield of 0.71%. This is an increase from CVS Group's previous dividend of $7.50. CVS Group's dividend payout ratio is currently 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.