Compass Group (LON:CPG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Compass Group PLC (LON:CPG) 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Berenberg Bank increased their target price on Compass Group from GBX 2,460 ($29.93) to GBX 2,900 ($35.28) and gave the company a “buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,675 ($32.55).

Compass Group Price Performance

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 firm’s 50 day simple moving average is GBX 2,663.86 and its two-hundred day simple moving average is GBX 2,468.04. The firm has a market capitalization of £45.48 billion, a P/E ratio of 3,519.74, 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. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.39 per share. This is a positive change 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 dividend payout ratio is currently 5,789.47%.

Insider Activity at Compass Group

In related news, insider Palmer Brown bought 9,401 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($32.32) per share, with a total value of £249,690.56 ($303,796.76). Also, insider Dominic Blakemore sold 119,821 shares of the business’s stock in a transaction dated 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). 0.15% of the stock is owned by company 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.