Compass Group PLC (LON:CPG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Compass Group PLC (LON:CPGGet Free Report) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 2,690 ($33.24).

A number of research firms have recently commented on CPG. Deutsche Bank Aktiengesellschaft increased their target price on Compass Group from GBX 2,500 ($30.89) to GBX 2,600 ($32.13) and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Berenberg Bank reissued a “buy” rating and set a GBX 2,960 ($36.58) price objective on shares of Compass Group in a research report on Thursday, February 6th.

Read Our Latest Report on CPG

Insider Activity at Compass Group

In related news, insider Dominic Blakemore sold 119,821 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.27), for a total value of £3,225,581.32 ($3,986,136.09). Also, insider Palmer Brown bought 9,401 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were bought at an average price of GBX 2,656 ($32.82) per share, with a total value of £249,690.56 ($308,564.71). 0.15% of the stock is currently owned by insiders.

Compass Group Stock Performance

Compass Group stock opened at GBX 2,768 ($34.21) on Tuesday. The stock’s 50 day moving average is GBX 2,696.96 and its 200 day moving average is GBX 2,529.35. The company has a market capitalization of £47.06 billion, a P/E ratio of 3,642.11, a PEG ratio of 1.42 and a beta of 0.81. Compass Group has a twelve month low of GBX 2,114 ($26.12) and a twelve month high of GBX 2,805 ($34.66). The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

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

About Compass Group

(Get Free Report

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.

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Analyst Recommendations for Compass Group (LON:CPG)

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