Insider Buying: Compass Group PLC (LON:CPG) Insider Purchases £249,690.56 in Stock

Compass Group PLC (LON:CPG) insider Palmer Brown bought 9,401 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($33.20) per share, for a total transaction of £249,690.56 ($312,074.19).

Compass Group Stock Down 1.4 %

Shares of LON CPG opened at GBX 2,635.44 ($32.94) on Friday. The stock has a market capitalization of £44.80 billion, a PE ratio of 3,467.68, a P/E/G ratio of 1.42 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The firm has a fifty day moving average of GBX 2,590.79 and a 200-day moving average of GBX 2,399.94. Compass Group PLC has a 52-week low of GBX 2,084 ($26.05) and a 52-week high of GBX 2,786 ($34.82).

Compass Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CPG shares. Berenberg Bank boosted their target price on Compass Group from GBX 2,460 ($30.75) to GBX 2,900 ($36.25) and gave the stock a “buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($31.25) to GBX 2,600 ($32.50) and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Compass Group from GBX 2,600 ($32.50) to GBX 2,800 ($35.00) and gave the company an “overweight” rating in a research note on Wednesday, September 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Compass Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,675 ($33.43).

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.