How to buy Coventry Group shares | A$0.85

Coventry Group Ltd is an industrial distribution business based in Australia. Coventry Group shares (CYG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.85 – an increase of 3.66% over the previous week. Coventry Group has a trailing 12-month revenue of around $247.6 million.

How to buy shares in Coventry Group

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Coventry Group . Find the share by name or ticker symbol: CYG. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Coventry Group reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.85, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Coventry Group . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Coventry Group 's share price?

Since the stock market crash in March caused by coronavirus, Coventry Group 's share price has had significant negative movement.

Its last market close was $0.85, which is 21.66% down on its pre-crash value of $1.085 and 82.80% up on the lowest point reached during the March crash when the shares fell as low as $0.465.

If you had bought $1,000 worth of Coventry Group shares at the start of February 2020, those shares would have been worth $476.19 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $809.52.

Coventry Group share price

Use our graph to track the performance of CYG stocks over time.

Coventry Group shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.85
52-week range	AUDA$0.465 - AUDA$1.36
50-day moving average	AUDA$0.7946
200-day moving average	AUDA$0.6541
Target price	AUDA$2.8
PE ratio	91.1111
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.009

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Coventry Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Coventry Group Ltd by TradingView

Coventry Group price performance over time

Historical closes compared with the close of A$0.85 on 2020-10-22

1 week (2020-10-23)	-2.86%
1 month (2020-09-30)	8.97%
3 months (2020-07-30)	41.67%
6 months (2020-04-30)	65.05%

1 year (2019-10-30)	-29.17%
2 years (2018-10-30)	-16.30%
3 years (2017-10-30)	-9.10%
5 years (2015-10-30)	-21.77%

Is Coventry Group under- or over-valued?

Valuing Coventry Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Coventry Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Coventry Group 's P/E ratio

Coventry Group 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 91x. In other words, Coventry Group shares trade at around 91x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Coventry Group 's EBITDA

Coventry Group 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6.2 million.

The EBITDA is a measure of a Coventry Group 's overall financial performance and is widely used to measure a its profitability.

Coventry Group financials

Revenue TTM	$247.6 million
Operating margin TTM	1.66%
Gross profit TTM	$93.1 million
Return on assets TTM	1.37%
Return on equity TTM	0.78%
Profit margin	0.32%
Book value	1.137
Market capitalisation	$76.5 million

TTM: trailing 12 months

Coventry Group share dividends

We're not expecting Coventry Group to pay a dividend over the next 12 months.

Have Coventry Group 's shares ever split?

Coventry Group 's shares were split on 10 November 1993.

Coventry Group share price volatility

Over the last 12 months, Coventry Group 's shares have ranged in value from as little as $0.465 up to $1.36. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Coventry Group 's is 1.2771. This would suggest that Coventry Group 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Coventry Group overview

Coventry Group Ltd primarily distributes industrial products in Australia and New Zealand. It operates through Trade Distribution and Fluids Systems segments. The Trade Distribution segment imports, distributes, and markets industrial fasteners, stainless steel fasteners and hardware, construction fasteners, specialized fastener products and systems, and associated industrial tools and consumables. It also imports, distributes, and markets hardware, components, and finished products to the commercial cabinet making, joinery, and shop fitting industries. The Fluids Systems segment designs and installs lubrication systems; distributes hoses, connectors, fittings, and hydraulic hose assemblies; designs and supplies service truck components; installs fire suppression systems; designs and distributes fluid handling systems, as well as sells pneumatic components, and hydraulic associated products and consumables; and services and repairs rock hammers. Coventry Group Ltd was incorporated in 1936 and is headquartered in Thomastown, Australia.

Frequently asked questions

• What percentage of Coventry Group is owned by insiders or institutions?

  Currently 19.07% of Coventry Group shares are held by insiders and 56.09% by institutions.

• When does the fiscal year end for Coventry Group ?

  Coventry Group 's fiscal year ends in June.

• Where is Coventry Group based?

  Coventry Group 's address is: 235 Settlement Road, Thomastown, VIC, Australia, 3074

• What is Coventry Group 's ISIN number?

  Coventry Group 's international securities identification number is: AU000000CYG6