Compass Group (LON:CPG) PT Raised to GBX 2,800

Compass Group (LON:CPG) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 2,600 ($34.00) to GBX 2,800 ($36.62) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.19% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Compass Group in a research note on Wednesday, May 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 2,400 ($31.38) price objective on shares of Compass Group in a research note on Tuesday, May 21st. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Compass Group has a consensus rating of “Buy” and an average price target of GBX 2,487.50 ($32.53).

Compass Group Trading Down 0.2 %

Compass Group stock opened at GBX 2,452 ($32.06) on Wednesday. Compass Group has a 12-month low of GBX 1,961.50 ($25.65) and a 12-month high of GBX 2,485 ($32.50). The firm has a market capitalization of £41.68 billion, a price-to-earnings ratio of 3,226.32, a P/E/G ratio of 1.80 and a beta of 0.81. The firm has a 50 day moving average of GBX 2,315.38 and a 200 day moving average of GBX 2,250.62. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Insiders Place Their Bets

In other news, insider Leanne Wood bought 1,300 shares of Compass Group stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost of GBX 2,317 ($30.30) per share, with a total value of £30,121 ($39,389.30). Corporate insiders own 0.15% of the company’s stock.

About Compass Group

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.