Insider Buying: Compass Group PLC (LON:CPG) Insider Acquires 9,401 Shares of Stock

Compass Group PLC (LON:CPG) insider Palmer Brown bought 9,401 shares of the company’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of GBX 2,656 ($33.70) per share, with a total value of £249,690.56 ($316,785.79).

Compass Group Trading Up 0.5 %

Shares of Compass Group stock traded up GBX 12.94 ($0.16) on Tuesday, hitting GBX 2,667.94 ($33.85). 5,248,091 shares of the company’s stock traded hands, compared to its average volume of 4,872,095. The company has a market capitalization of £45.35 billion, a price-to-earnings ratio of 3,493.42, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a fifty day moving average of GBX 2,575.56 and a two-hundred day moving average of GBX 2,393.23. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86. Compass Group PLC has a one year low of GBX 2,069 ($26.25) and a one year high of GBX 2,786 ($35.35).

Compass Group Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.17%. This is a positive change from Compass Group’s previous dividend of $0.21. Compass Group’s payout ratio is currently 5,789.47%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CPG. JPMorgan Chase & Co. raised their price objective on shares of Compass Group from GBX 2,600 ($32.99) to GBX 2,800 ($35.52) and gave the company an “overweight” rating in a report on Wednesday, September 11th. Berenberg Bank boosted their price objective on shares of Compass Group from GBX 2,460 ($31.21) to GBX 2,900 ($36.79) and gave the stock a “buy” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Compass Group from GBX 2,500 ($31.72) to GBX 2,600 ($32.99) and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Compass Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,675 ($33.94).

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.