Compass Group (LON:CPG) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Compass Group PLC (LON:CPG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,447.14 ($29.88) and traded as high as GBX 2,734 ($33.38). Compass Group shares last traded at GBX 2,732 ($33.36), with a volume of 3,965,923 shares trading hands.

Wall Street Analysts Forecast Growth

CPG has been the subject of several recent analyst reports. Berenberg Bank boosted their price objective on shares of Compass Group from GBX 2,460 ($30.04) to GBX 2,900 ($35.41) and gave the stock a “buy” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Compass Group from GBX 2,500 ($30.53) to GBX 2,600 ($31.75) and gave the company a “hold” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Compass Group presently has an average rating of “Moderate Buy” and an average price target of GBX 2,675 ($32.66).

Compass Group Stock Down 1.3 %

The firm has a market capitalization of £45.85 billion, a price-to-earnings ratio of 3,548.68, a PEG ratio of 1.42 and a beta of 0.81. The business’s fifty day moving average price is GBX 2,650.18 and its 200 day moving average price is GBX 2,450.63. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

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

Insiders Place Their Bets

In other news, 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 ($32.87), for a total value of £3,225,581.32 ($3,938,438.73). Also, insider Palmer Brown bought 9,401 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of GBX 2,656 ($32.43) per share, for a total transaction of £249,690.56 ($304,872.48). 0.15% of the stock is owned by insiders.

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.