Compass Group PLC (LON:CPG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Compass Group PLC (LON:CPG) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 2,675 ($33.62).

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

Compass Group Trading Down 0.1 %

Compass Group stock opened at GBX 2,645.51 ($33.25) on Monday. The company has a 50 day moving average price of GBX 2,595.47 and a 200 day moving average price of GBX 2,405.06. Compass Group has a 52 week low of GBX 2,095 ($26.33) and a 52 week high of GBX 2,786 ($35.02). 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 capitalization of £44.97 billion, a price-to-earnings ratio of 3,480.93, a P/E/G ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The business also recently announced 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. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.17%. This is a positive change from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio (DPR) is 5,789.47%.

Insider Buying and Selling at Compass Group

In other Compass Group news, insider Palmer Brown purchased 9,401 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of GBX 2,656 ($33.38) per share, for a total transaction of £249,690.56 ($313,839.32). Also, insider Dominic Blakemore sold 119,821 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.84), for a total transaction of £3,225,581.32 ($4,054,275.16). 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.