Compass Group PLC (LON:CPG) Receives GBX 2,675 Consensus Target Price from Brokerages

Compass Group PLC (LON:CPG) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 2,675 ($33.27).

A number of brokerages recently issued reports on CPG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Compass Group from GBX 2,500 ($31.09) to GBX 2,600 ($32.33) and gave the company a “hold” rating in a research report on Tuesday, December 10th. Berenberg Bank lifted their target price on shares of Compass Group from GBX 2,460 ($30.59) to GBX 2,900 ($36.07) and gave the company a “buy” rating in a report on Friday, December 13th.

Compass Group Price Performance

CPG opened at GBX 2,734 ($34.00) on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31. The company has a market cap of £46.48 billion, a price-to-earnings ratio of 3,597.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 2,694.48 and a two-hundred day simple moving average of GBX 2,516.06. Compass Group has a 12-month low of GBX 2,114 ($26.29) and a 12-month high of GBX 2,805 ($34.88).

Compass Group Increases Dividend

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

Insider Transactions at Compass Group

In related news, insider Dominic Blakemore sold 119,821 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.48), for a total value of £3,225,581.32 ($4,011,418.13). Also, insider Palmer Brown acquired 9,401 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of GBX 2,656 ($33.03) per share, with a total value of £249,690.56 ($310,521.78). Insiders own 0.15% of the company’s stock.

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.