Compass Group (LON:CPG) Hits New 12-Month High – Still a Buy?

Compass Group PLC (LON:CPG)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,486 ($32.46) and last traded at GBX 2,481.66 ($32.41), with a volume of 5378787 shares. The stock had previously closed at GBX 2,459 ($32.11).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on Compass Group from GBX 2,600 ($33.95) to GBX 2,800 ($36.56) and gave the company 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, the company has a consensus rating of “Buy” and an average price target of GBX 2,533.33 ($33.08).

Compass Group Trading Down 0.1 %

The company has a market cap of £42.67 billion, a P/E ratio of 3,394.59, a P/E/G ratio of 1.76 and a beta of 0.81. The business’s 50-day moving average price is GBX 2,407.59 and its 200 day moving average price is GBX 2,289.61. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78.

Insider Buying and Selling

In other Compass Group news, insider Leanne Wood acquired 1,300 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of GBX 2,317 ($30.26) per share, for a total transaction of £30,121 ($39,332.72). 0.15% of the stock is currently owned by corporate insiders.

Compass Group Company Profile

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.