Compass Group (LON:CPG) Receives "Buy" Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Compass Group (LON:CPG - Free Report) in a research report sent to investors on Thursday, MarketBeat reports. Berenberg Bank currently has a GBX 2,960 ($36.58) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Compass Group from GBX 2,500 ($30.89) to GBX 2,600 ($32.13) and gave the stock a "hold" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,690 ($33.24).

Compass Group Stock Up 1.6 %

Shares of LON:CPG traded up GBX 45 ($0.56) during trading on Thursday, hitting GBX 2,796 ($34.55). 2,266,383 shares of the company were exchanged, compared to its average volume of 3,859,400. The stock has a market cap of £47.53 billion, a price-to-earnings ratio of 3,678.95, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a fifty-two week low of GBX 2,114 ($26.12) and a fifty-two week high of GBX 2,807 ($34.69). The firm has a fifty day moving average price of GBX 2,698.14 and a two-hundred day moving average price of GBX 2,533.27. 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 announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase from Compass Group's previous dividend of $0.21. This represents a yield of 1.17%. Compass Group's dividend payout ratio (DPR) is currently 5,789.47%.

Insider Buying and Selling at Compass Group

In other news, insider Dominic Blakemore sold 119,821 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.27), for a total transaction of £3,225,581.32 ($3,986,136.09). Also, insider Palmer Brown acquired 9,401 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of GBX 2,656 ($32.82) per share, with a total value of £249,690.56 ($308,564.71). 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.