Compass Group PLC (LON:CPG) Receives GBX 2,600 Consensus PT from Analysts

Compass Group PLC (LON:CPG) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 2,675 ($33.62).

A number of equities analysts have weighed in on CPG shares. JPMorgan Chase & Co. boosted their price target on Compass Group from GBX 2,600 ($32.68) to GBX 2,800 ($35.19) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Berenberg Bank boosted their target price on Compass Group from GBX 2,460 ($30.92) to GBX 2,900 ($36.45) and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Compass Group from GBX 2,500 ($31.42) to GBX 2,600 ($32.68) and gave the company a “hold” rating in a research note on Tuesday, December 10th.

Compass Group Stock Up 0.1 %

CPG stock opened at GBX 2,648 ($33.28) on Monday. Compass Group has a twelve month low of GBX 2,095 ($26.33) and a twelve month high of GBX 2,786 ($35.01). The company has a market cap of £45.02 billion, a price-to-earnings ratio of 3,484.21, a P/E/G ratio of 1.42 and a beta of 0.81. 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 business has a 50 day moving average price of GBX 2,595.47 and a two-hundred day moving average price of GBX 2,402.84.

Compass Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be given a $0.39 dividend. The ex-dividend date is Thursday, January 16th. This is a boost from Compass Group’s previous dividend of $0.21. This represents a dividend yield of 1.17%. Compass Group’s payout ratio is presently 5,789.47%.

Insider Buying and Selling at Compass Group

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.83), for a total value of £3,225,581.32 ($4,053,765.64). Also, insider Palmer Brown bought 9,401 shares of Compass Group stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($33.38) per share, for a total transaction of £249,690.56 ($313,799.87). 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.