Compass Group (LON:CPG) Shares Cross Above 200 Day Moving Average – Here’s Why

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 2,408.11 ($30.19) and traded as high as GBX 2,657 ($33.31). Compass Group shares last traded at GBX 2,645 ($33.16), with a volume of 552,951 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Compass Group from GBX 2,500 ($31.34) to GBX 2,600 ($32.59) and gave the company a “hold” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price objective on Compass Group from GBX 2,600 ($32.59) to GBX 2,800 ($35.10) and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Berenberg Bank raised their price objective on Compass Group from GBX 2,460 ($30.84) to GBX 2,900 ($36.35) and gave the stock a “buy” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,675 ($33.53).

Compass Group Stock Down 0.1 %

The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The company has a market capitalization of £44.97 billion, a price-to-earnings ratio of 3,480.26, a P/E/G ratio of 1.42 and a beta of 0.81. The business’s 50-day moving average is GBX 2,600.56 and its 200-day moving average is GBX 2,408.11.

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 $0.39 dividend. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from Compass Group’s previous dividend of $0.21. Compass Group’s payout ratio is 5,789.47%.

Insider Transactions at Compass Group

In other news, insider Palmer Brown bought 9,401 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($33.30) per share, with a total value of £249,690.56 ($313,013.11). Also, 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 ($33.75), for a total value of £3,225,581.32 ($4,043,602.01). Company insiders own 0.15% of the company’s stock.

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.