Compass Group (LON:CPG) Price Target Raised to GBX 2,900 at Berenberg Bank

Compass Group (LON:CPG - Get Free Report) had its price objective raised by stock analysts at Berenberg Bank from GBX 2,460 ($31.21) to GBX 2,900 ($36.79) in a report issued on Friday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 9.23% from the stock's previous close.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their price target on Compass Group from GBX 2,600 ($32.99) to GBX 2,800 ($35.52) and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Compass Group from GBX 2,500 ($31.72) to GBX 2,600 ($32.99) and gave the company 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 2,675 ($33.94).

Compass Group Trading Down 0.3 %

LON:CPG traded down GBX 7 ($0.09) on Friday, reaching GBX 2,655 ($33.68). 1,611,393 shares of the stock traded hands, compared to its average volume of 4,870,718. Compass Group has a 1-year low of GBX 2,069 ($26.25) and a 1-year high of GBX 2,786 ($35.35). The company's 50 day moving average is GBX 2,575.56 and its 200-day moving average is GBX 2,393.23. The firm has a market capitalization of £45.14 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 current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Insider Buying and Selling at Compass Group

In related news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($34.15), for a total value of £3,225,581.32 ($4,092,338.65). Insiders own 0.15% of the company's stock.

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.