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

Compass Group PLC (LON:CPG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,466.36 ($30.01) and traded as high as GBX 2,700 ($32.85). Compass Group shares last traded at GBX 2,675 ($32.55), with a volume of 2,215,306 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Berenberg Bank lifted their target price on shares of Compass Group from GBX 2,460 ($29.93) to GBX 2,900 ($35.28) and gave the stock a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Compass Group from GBX 2,500 ($30.42) to GBX 2,600 ($31.63) and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,675 ($32.55).

Compass Group Trading Up 0.1 %

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 business’s 50-day moving average price is GBX 2,663.86 and its two-hundred day moving average price is GBX 2,466.36. The company has a market capitalization of £45.48 billion, a P/E ratio of 3,519.74, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($32.75), for a total transaction of £3,225,581.32 ($3,924,542.30). Also, insider Palmer Brown acquired 9,401 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 2,656 ($32.32) per share, for a total transaction of £249,690.56 ($303,796.76). 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.