Compass Group (LON:CPG) Stock Price Crosses Above 200 Day Moving Average of $1,854.08

Compass Group PLC (LON:CPG – Get Rating)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,854.08 ($22.34) and traded as high as GBX 1,968 ($23.71). Compass Group shares last traded at GBX 1,937 ($23.34), with a volume of 2,641,456 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPG. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,100 ($25.30) price objective on shares of Compass Group in a research report on Tuesday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Compass Group from GBX 1,940 ($23.37) to GBX 1,990 ($23.98) and gave the stock a “hold” rating in a research report on Tuesday, November 22nd. Barclays lifted their price objective on Compass Group from GBX 2,000 ($24.10) to GBX 2,150 ($25.90) and gave the company an “overweight” rating in a report on Thursday, November 10th. Shore Capital reiterated a “buy” rating on shares of Compass Group in a report on Wednesday, November 30th. Finally, Royal Bank of Canada lifted their price objective on Compass Group from GBX 1,575 ($18.98) to GBX 1,625 ($19.58) and gave the company an “underperform” rating in a report on Monday, December 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 1,985.83 ($23.93).

Compass Group Price Performance

The firm has a market cap of £33.97 billion and a P/E ratio of 3,074.60. The company has a fifty day moving average price of GBX 1,879.07 and a two-hundred day moving average price of GBX 1,854.08. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 82.59.

Compass Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Thursday, January 19th will be paid a GBX 22.10 ($0.27) dividend. This is a boost from Compass Group’s previous dividend of $9.40. The ex-dividend date of this dividend is Thursday, January 19th. This represents a yield of 1.23%. Compass Group’s payout ratio is presently 37.14%.

Insider Buying and Selling at Compass Group

In other Compass Group news, insider Palmer Brown sold 2,806 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of GBX 1,880 ($22.65), for a total value of £52,752.80 ($63,557.59). In other Compass Group news, insider Alison Yapp sold 6,764 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of GBX 1,800 ($21.69), for a total value of £121,752 ($146,689.16). Also, insider Palmer Brown sold 2,806 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of GBX 1,880 ($22.65), for a total value of £52,752.80 ($63,557.59).

Compass Group Company Profile

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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.