Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
CVS Group plc ( (GB:CVSG) ) has shared an update.
CVS Group plc, a company involved in a share buyback program, announced the purchase of 20,428 ordinary shares from Joh. Berenberg, Gossler & Co. KG as part of its ongoing initiative. The shares were bought at prices ranging from 1,202.00 GBp to 1,230.00 GBp, with a volume-weighted average price of 1,222.04 GBp. Following this transaction, CVS will cancel the purchased shares, resulting in a total of 70,915,717 shares in issue, which impacts the voting rights and shareholding calculations under the Financial Conduct Authority’s rules. Since the start of the buyback program, CVS has repurchased a total of 825,066 shares.
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: 460,065
Technical Sentiment Signal: Sell
Current Market Cap: £852.9M
See more insights into CVSG stock on TipRanks’ Stock Analysis page.