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

Compass Group PLC (LON:CPG) has been given a consensus rating of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 2,675 ($33.62).

Several brokerages recently commented on CPG. JPMorgan Chase & Co. lifted their target price on shares of Compass Group from GBX 2,600 ($32.68) to GBX 2,800 ($35.19) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($31.42) to GBX 2,600 ($32.68) and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Berenberg Bank lifted their target price on shares of Compass Group from GBX 2,460 ($30.92) to GBX 2,900 ($36.45) and gave the stock a “buy” rating in a report on Friday, December 13th.

Insider Transactions at Compass Group

In other news, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.84), for a total transaction of £3,225,581.32 ($4,054,275.16). Also, insider Palmer Brown bought 9,401 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of GBX 2,656 ($33.38) per share, for a total transaction of £249,690.56 ($313,839.32). Insiders own 0.15% of the company’s stock.

Compass Group Stock Performance

Shares of CPG opened at GBX 2,645.51 ($33.25) on Monday. The company has a market capitalization of £44.97 billion, a PE ratio of 3,480.93, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. Compass Group has a one year low of GBX 2,095 ($26.33) and a one year high of GBX 2,786 ($35.02). 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’s fifty day moving average price is GBX 2,595.47 and its 200 day moving average price is GBX 2,405.06.

Compass Group Increases Dividend

The business also recently disclosed 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 an increase from Compass Group’s previous dividend of $0.21. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.17%. Compass Group’s payout ratio is presently 5,789.47%.

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.