Compass Group (LON:CPG) Shares Pass Above 200-Day Moving Average – Here’s Why

by · The Markets Daily

Compass Group PLC (LON:CPG – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,447.14 ($29.88) and traded as high as GBX 2,734 ($33.38). Compass Group shares last traded at GBX 2,732 ($33.36), with a volume of 3,965,923 shares.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPG shares. Berenberg Bank increased their price target on shares of Compass Group from GBX 2,460 ($30.04) to GBX 2,900 ($35.41) and gave the stock a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Compass Group from GBX 2,500 ($30.53) to GBX 2,600 ($31.75) and gave the company a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,675 ($32.66).

Get Our Latest Analysis on CPG

Compass Group Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The firm has a market cap of £45.85 billion, a price-to-earnings ratio of 3,548.68, a P/E/G ratio of 1.42 and a beta of 0.81. The business’s 50-day simple moving average is GBX 2,650.18 and its two-hundred day simple moving average is GBX 2,450.63.

Compass Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Palmer Brown bought 9,401 shares of the stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($32.43) per share, for a total transaction of £249,690.56 ($304,872.48). Also, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($32.87), for a total value of £3,225,581.32 ($3,938,438.73). Insiders own 0.15% of the company’s stock.

Compass Group Company Profile

(Get Free Report)

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.

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