Compass Group (LON:CPG) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Compass Group PLC (LON:CPGGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CPG shares. JPMorgan Chase & Co. increased their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on Compass Group from GBX 2,500 ($31.36) to GBX 2,600 ($32.61) and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Berenberg Bank lifted their price objective on Compass Group from GBX 2,460 ($30.85) to GBX 2,900 ($36.37) and gave the stock a “buy” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,675 ($33.55).

Check Out Our Latest Stock Report on Compass Group

Compass Group Stock Performance

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

Compass Group Increases Dividend

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

Insider Transactions at Compass Group

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

Compass Group Company Profile

(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.

Further Reading

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