Compass Group (LON:CPG) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Compass Group PLC (LON:CPG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,427.50 ($30.05) and traded as high as GBX 2,662 ($32.95). Compass Group shares last traded at GBX 2,662 ($32.95), with a volume of 517,811 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CPG shares. JPMorgan Chase & Co. upped their price target on shares of Compass Group from GBX 2,600 ($32.18) to GBX 2,800 ($34.66) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Berenberg Bank boosted their price target on Compass Group from GBX 2,460 ($30.45) to GBX 2,900 ($35.90) and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($30.94) to GBX 2,600 ($32.18) and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,675 ($33.11).

Compass Group Trading Down 0.8 %

The company has a market capitalization of £45.29 billion, a PE ratio of 3,505.26, a PEG ratio of 1.42 and a beta of 0.81. The company has a fifty day simple moving average of GBX 2,630.36 and a 200-day simple moving average of GBX 2,431.09. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

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

Insider Activity

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.32), for a total transaction of £3,225,581.32 ($3,992,550.22). Also, insider Palmer Brown purchased 9,401 shares of Compass Group stock in a transaction dated Monday, December 16th. The stock was bought at an average cost of GBX 2,656 ($32.88) per share, for a total transaction of £249,690.56 ($309,061.22). 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.