Compass Group (LON:CPG) Share Price Passes Above 200 Day Moving Average – What’s Next?

Compass Group PLC (LON:CPG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,408.11 ($30.20) and traded as high as GBX 2,657 ($33.32). Compass Group shares last traded at GBX 2,645 ($33.17), with a volume of 552,951 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CPG shares. Berenberg Bank lifted their target price on Compass Group from GBX 2,460 ($30.85) to GBX 2,900 ($36.37) and gave the stock a “buy” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their target price on shares of Compass Group from GBX 2,600 ($32.61) to GBX 2,800 ($35.12) and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Compass Group from GBX 2,500 ($31.36) to GBX 2,600 ($32.61) and gave the stock a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,675 ($33.55).

Compass Group Stock Down 0.1 %

The stock has a fifty day moving average of GBX 2,609.36 and a 200 day moving average of GBX 2,411.40. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86. The firm has a market capitalization of £44.97 billion, a P/E ratio of 3,480.26, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 16th will be issued a $0.39 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, January 16th. This is a boost from Compass Group’s previous dividend of $0.21. Compass Group’s payout ratio is 5,789.47%.

Insider Buying and Selling at Compass Group

In related news, insider Palmer Brown purchased 9,401 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of GBX 2,656 ($33.31) per share, for a total transaction of £249,690.56 ($313,170.15). Also, insider Dominic Blakemore sold 119,821 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.76), for a total transaction of £3,225,581.32 ($4,045,630.65). Corporate insiders own 0.15% of the company’s stock.

Compass Group Company Profile

Compass Group PLC is a world leading food service company, which generated annual revenues of £31.3 billion in the year to 30 September 2023. It serves meals to millions of people in c. 35 countries and employs and engages with c. 550,000 people. The Company specialises in providing food and a range of targeted support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.