Compass Group (LON:CPG) Sets New 12-Month High – Here’s What Happened

Compass Group PLC (LON:CPG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,563 ($33.24) and last traded at GBX 2,561.22 ($33.22), with a volume of 9341906 shares changing hands. The stock had previously closed at GBX 2,547 ($33.03).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective on Compass Group from GBX 2,600 ($33.72) to GBX 2,800 ($36.31) and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 2,533.33 ($32.85).

Compass Group Price Performance

The company has a 50-day moving average of GBX 2,446.19 and a two-hundred day moving average of GBX 2,310.09. The stock has a market capitalization of £43.54 billion, a PE ratio of 3,351.32, a P/E/G 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 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.