Compass Group (LON:CPG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Compass Group PLC (LON:CPG)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,295.96 ($29.81) and traded as high as GBX 2,494 ($32.38). Compass Group shares last traded at GBX 2,485 ($32.26), with a volume of 1,991,197 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on Compass Group from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Compass Group presently has an average rating of “Buy” and a consensus target price of GBX 2,533.33 ($32.89).

Compass Group Stock Down 0.4 %

The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31. The firm has a 50-day moving average of GBX 2,423.29 and a 200 day moving average of GBX 2,297.23. The stock has a market capitalization of £42.42 billion, a price-to-earnings ratio of 3,285.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

About Compass Group

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.