Compass Group PLC (LON:CPG) Receives GBX 2,675 Average PT from Analysts

Shares of Compass Group PLC (LON:CPG) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 2,675 ($32.66).

CPG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Compass Group from GBX 2,500 ($30.52) to GBX 2,600 ($31.74) and gave the stock a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank increased their price target on shares of Compass Group from GBX 2,460 ($30.03) to GBX 2,900 ($35.40) and gave the company a “buy” rating in a research note on Friday, December 13th.

Insiders Place Their Bets

In other news, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($32.87), for a total transaction of £3,225,581.32 ($3,937,957.91). Also, insider Palmer Brown acquired 9,401 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of GBX 2,656 ($32.43) per share, with a total value of £249,690.56 ($304,835.26). Company insiders own 0.15% of the company’s stock.

Compass Group Price Performance

Compass Group stock opened at GBX 2,697 ($32.93) on Friday. The business’s fifty day moving average is GBX 2,650.18 and its two-hundred day moving average is GBX 2,453.74. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The firm has a market cap of £45.85 billion, a P/E ratio of 3,548.68, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a 52 week low of GBX 2,095 ($25.58) and a 52 week high of GBX 2,786 ($34.01).

Compass Group Increases Dividend

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

About Compass Group

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.