Shares of Compass Group PLC (LON:CPG – Get Rating) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,190 ($27.43) and last traded at GBX 2,167 ($27.15), with a volume of 3967726 shares trading hands. The stock had previously closed at GBX 2,157 ($27.02).
Analysts Set New Price Targets
CPG has been the subject of several recent analyst reports. Numis Securities reaffirmed a “hold” rating and set a GBX 1,900 ($23.80) price objective on shares of Compass Group in a research report on Thursday, February 9th. Peel Hunt reiterated a “buy” rating on shares of Compass Group in a research report on Tuesday, January 24th. Royal Bank of Canada reissued an “underperform” rating and issued a GBX 1,625 ($20.36) price objective on shares of Compass Group in a research note on Monday, February 13th. JPMorgan Chase & Co. upped their target price on Compass Group from GBX 2,150 ($26.93) to GBX 2,200 ($27.56) and gave the stock a “neutral” rating in a research note on Friday, February 10th. Finally, Shore Capital reiterated a “buy” rating on shares of Compass Group in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 1,994.17 ($24.98).
Compass Group Stock Up 1.4 %
The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 85.27. The company has a market capitalization of £38.23 billion, a P/E ratio of 3,439.68, a PEG ratio of 1.77 and a beta of 0.85. The stock has a 50 day moving average price of GBX 2,028.14 and a 200 day moving average price of GBX 1,942.06.
Compass Group Cuts Dividend
Insider Transactions at Compass Group
In related news, insider Carol Arrowsmith sold 1,027 shares of Compass Group stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of GBX 1,948 ($24.40), for a total transaction of £20,005.96 ($25,060.70). Company insiders own 0.16% of the company’s stock.
About Compass Group
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.
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