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

Compass Group PLC (LON:CPG) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 2,675 ($33.28).

A number of brokerages have weighed in on CPG. Deutsche Bank Aktiengesellschaft boosted their price target on Compass Group from GBX 2,500 ($31.10) to GBX 2,600 ($32.35) and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Berenberg Bank lifted their price target on shares of Compass Group from GBX 2,460 ($30.60) to GBX 2,900 ($36.08) and gave the company a “buy” rating in a research report on Friday, December 13th.

Compass Group Stock Performance

Shares of CPG stock opened at GBX 2,791.98 ($34.73) on Tuesday. Compass Group has a fifty-two week low of GBX 2,114 ($26.30) and a fifty-two week high of GBX 2,805 ($34.90). The stock’s 50-day moving average is GBX 2,686.22 and its two-hundred day moving average is GBX 2,507.84. 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 has a market cap of £47.46 billion, a P/E ratio of 3,673.66, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

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

Insider Activity

In other news, insider Palmer Brown purchased 9,401 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($33.04) per share, for a total transaction of £249,690.56 ($310,637.67). Also, insider Dominic Blakemore sold 119,821 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.49), for a total transaction of £3,225,581.32 ($4,012,915.30). 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.