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The latest announcement is out from CVS Group plc ( (GB:CVSG) ).
CVS Group plc, a company involved in a share buyback program, announced the purchase of 25,231 of its ordinary shares from Berenberg as part of its ongoing buyback initiative. The shares were bought at prices ranging from 1,182.00 GBp to 1,202.00 GBp, with an average price of 1,188.97 GBp per share. CVS intends to cancel these shares, reducing its total shares in issue to 71,368,658. This move is part of a broader strategy that has seen the repurchase of 372,125 shares since the program’s inception, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:CVSG) stock is a Hold with a £1420.00 price target. To see the full list of analyst forecasts on CVS Group plc stock, see the GB:CVSG Stock Forecast page.
Spark’s Take on GB:CVSG Stock
According to Spark, TipRanks’ AI Analyst, GB:CVSG is a Neutral.
CVS Group plc’s overall stock score reflects a mixed outlook. Financial performance is strong in revenue growth but challenged by profitability issues. Technical indicators show short-term bearish trends, and valuation suggests overvaluation. However, positive corporate events and strategic moves support long-term growth prospects.
To see Spark’s full report on GB:CVSG stock, click here.
More about CVS Group plc
Average Trading Volume: 351,454
Technical Sentiment Signal: Hold
Current Market Cap: £861.5M
For a thorough assessment of CVSG stock, go to TipRanks’ Stock Analysis page.