Compass Group (LON:CPG) Sets New 1-Year High – Time to Buy?

Shares of Compass Group PLC (LON:CPG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,563 ($33.36) and last traded at GBX 2,561.22 ($33.34), with a volume of 9341906 shares traded. The stock had previously closed at GBX 2,547 ($33.16).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on Compass Group from GBX 2,600 ($33.85) to GBX 2,800 ($36.45) and gave the company an “overweight” rating in a report on Wednesday, September 11th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Compass Group has an average rating of “Buy” and a consensus price target of GBX 2,533.33 ($32.98).

Compass Group Trading Up 2.3 %

The firm’s fifty day simple moving average is GBX 2,449.85 and its 200 day simple moving average is GBX 2,312.64. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a market capitalization of £45.15 billion, a P/E ratio of 3,415.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

About Compass Group

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.