Compass Group (LON:CPG) Reaches New 12-Month High - What's Next?

Compass Group PLC (LON:CPG - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as GBX 2,789 ($34.27) and last traded at GBX 2,784 ($34.21), with a volume of 5161919 shares. The stock had previously closed at GBX 2,762 ($33.94).

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Compass Group from GBX 2,500 ($30.72) to GBX 2,600 ($31.94) and gave the company a "hold" rating in a research note on Tuesday, December 10th. Berenberg Bank boosted their price target on Compass Group from GBX 2,460 ($30.22) to GBX 2,900 ($35.63) and gave the company a "buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Compass Group presently has an average rating of "Moderate Buy" and an average price target of GBX 2,675 ($32.87).

Compass Group Stock Performance

The company has a market capitalization of £47.69 billion, a P/E ratio of 3,690.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The firm has a 50 day moving average price of GBX 2,686.22 and a two-hundred day moving average price of GBX 2,507.84. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78.

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

Insider Buying and Selling

In other Compass Group news, insider Palmer Brown purchased 9,401 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($32.63) per share, for a total transaction of £249,690.56 ($306,782.85). Also, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.08), for a total value of £3,225,581.32 ($3,963,117.48). 0.15% of the stock is owned by corporate insiders.

Compass Group Company Profile

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.