Compass Group (LON:CPG) Hits New 52-Week High - What's Next?

Compass Group PLC (LON:CPG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,853 ($36.05) and last traded at GBX 2,829 ($35.74), with a volume of 12509826 shares changing hands. The stock had previously closed at GBX 2,843 ($35.92).

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 2,960 ($37.40) target price on shares of Compass Group in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($31.59) to GBX 2,600 ($32.85) and gave the stock a "hold" rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 2,690 ($33.99).

Compass Group Stock Performance

The firm's fifty day moving average price is GBX 2,713.66 and its 200-day moving average price is GBX 2,563.56. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56. The company has a market cap of £47.39 billion, a P/E ratio of 35.13, a P/E/G ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be given a dividend of $0.39 per share. 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 is Thursday, January 16th. Compass Group's payout ratio is 55.33%.

Insider Activity

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($34.01), for a total value of £3,225,581.32 ($4,075,276.46). Also, insider Palmer Brown purchased 9,401 shares of Compass Group stock in a transaction on Monday, December 16th. The stock was purchased at an average price of GBX 2,656 ($33.56) per share, for a total transaction of £249,690.56 ($315,465.02). 0.15% of the stock is owned by company insiders.

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.