Compass Group (LON:CPG) Stock Crosses Above 200-Day Moving Average – Here’s Why

Compass Group PLC (LON:CPG) shares crossed 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.

Analyst Upgrades and Downgrades

CPG has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Compass Group from GBX 2,600 ($32.18) to GBX 2,800 ($34.66) and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Berenberg Bank lifted their price objective on shares of Compass Group from GBX 2,460 ($30.45) to GBX 2,900 ($35.90) and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft increased 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 report on Tuesday, December 10th. One research 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 has an average rating of “Moderate Buy” and a consensus price target of GBX 2,675 ($33.11).

Compass Group Stock Down 0.8 %

The business’s 50 day moving average is GBX 2,630.36 and its 200-day moving average is GBX 2,431.09. 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 company has a market cap of £45.29 billion, a PE ratio of 3,505.26, a P/E/G ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

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

Insider Buying and Selling at Compass Group

In other news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.32), for a total value of £3,225,581.32 ($3,992,550.22). Also, insider Palmer Brown purchased 9,401 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 2,656 ($32.88) per share, with a total value of £249,690.56 ($309,061.22). 0.15% of the stock is owned by insiders.

About Compass Group

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.