Compass Group (LON:CPG) Hits New 1-Year High at $2,190.00

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

The company also recently announced a dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, June 8th will be given a GBX 15 ($0.19) dividend. The ex-dividend date is Thursday, June 8th. This represents a yield of 0.73%. Compass Group’s dividend payout ratio is presently 7,301.59%.

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

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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.