JPMorgan Chase & Co. Increases Compass Group (LON:CPG) Price Target to GBX 2,800

Compass Group (LON:CPG) had its target price boosted 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, Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 13.73% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Shore Capital restated a “buy” rating on shares of Compass Group in a research note on Wednesday, May 15th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,400 ($31.38) target price on shares of Compass Group in a report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,414 ($31.57).

Compass Group Stock Down 0.4 %

LON:CPG opened at GBX 2,462 ($32.20) on Wednesday. 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 stock has a 50-day simple moving average of GBX 2,303.82 and a 200 day simple moving average of GBX 2,247.05. Compass Group has a one year low of GBX 1,961.50 ($25.65) and a one year high of GBX 2,485 ($32.50). The company has a market capitalization of £41.85 billion, a price-to-earnings ratio of 3,239.47, a price-to-earnings-growth ratio of 1.80 and a beta of 0.81.

Insider Activity

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

Compass Group Company Profile

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.