Compass Group (LON:CPG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Compass Group PLC (LON:CPG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,447.14 ($29.88) and traded as high as GBX 2,734 ($33.38). Compass Group shares last traded at GBX 2,732 ($33.36), with a volume of 3,965,923 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CPG shares. Berenberg Bank upped their price target on shares of Compass Group from GBX 2,460 ($30.04) to GBX 2,900 ($35.41) and gave the stock a “buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Compass Group from GBX 2,500 ($30.53) to GBX 2,600 ($31.75) 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, Compass Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,675 ($32.66).

Compass Group Trading Down 1.3 %

The business’s 50-day simple moving average is GBX 2,650.18 and its 200-day simple moving average is GBX 2,450.63. The company has a market cap of £45.85 billion, a price-to-earnings ratio of 3,548.68, a PEG ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86.

Compass Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 16th will be paid a $0.39 dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.17%. This is a positive change from Compass Group’s previous dividend of $0.21. Compass Group’s dividend 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 Compass Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($32.87), for a total transaction of £3,225,581.32 ($3,938,438.73). Also, insider Palmer Brown acquired 9,401 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of GBX 2,656 ($32.43) per share, with a total value of £249,690.56 ($304,872.48). 0.15% of the stock is owned by insiders.

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.