Compass Group PLC (LON:CPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Compass Group PLC (LON:CPG) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 2,675 ($32.66).

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Compass Group from GBX 2,500 ($30.52) to GBX 2,600 ($31.74) and gave the company a “hold” rating in a research report on Tuesday, December 10th. Berenberg Bank raised their price objective on shares of Compass Group from GBX 2,460 ($30.03) to GBX 2,900 ($35.40) and gave the stock a “buy” rating in a research report on Friday, December 13th.

Compass Group Stock Down 0.7 %

CPG stock opened at GBX 2,658 ($32.45) on Friday. The business’s 50 day simple moving average is GBX 2,656 and its 200 day simple moving average is GBX 2,458.38. Compass Group has a 1-year low of GBX 2,095 ($25.58) and a 1-year high of GBX 2,786 ($34.01). The firm has a market capitalization of £45.19 billion, a PE ratio of 3,497.37, a PEG ratio of 1.42 and a beta of 0.81. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($32.87), for a total transaction of £3,225,581.32 ($3,937,957.91). Also, insider Palmer Brown purchased 9,401 shares of Compass Group stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($32.43) per share, for a total transaction of £249,690.56 ($304,835.26). Corporate insiders own 0.15% of the company’s stock.

About Compass Group

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.