Compass Group (LON:CPG) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Compass Group PLC (LON:CPG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,590.54 ($33.47) and traded as high as GBX 2,817 ($36.40). Compass Group shares last traded at GBX 2,720 ($35.15), with a volume of 4,609,039 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CPG. Deutsche Bank Aktiengesellschaft raised their price target on shares of Compass Group from GBX 2,500 ($32.30) to GBX 2,600 ($33.60) and gave the stock a "hold" rating in a report on Tuesday, December 10th. Berenberg Bank reissued a "buy" rating and issued a GBX 2,960 ($38.25) price target on shares of Compass Group in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,690 ($34.76).

Compass Group Price Performance

The business's 50 day moving average price is GBX 2,734.40 and its 200 day moving average price is GBX 2,596.19. The stock has a market capitalization of £44.20 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86.

Compass Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th were paid a $0.39 dividend. The ex-dividend date was Thursday, January 16th. This is a positive change from Compass Group's previous dividend of $0.21. This represents a dividend yield of 1.17%. Compass Group's payout ratio is currently 55.33%.

Insider Activity at Compass Group

In other Compass Group news, insider Palmer Brown bought 9,401 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 2,656 ($34.32) per share, for a total transaction of £249,690.56 ($322,639.31). 0.15% of the stock is currently owned by company 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.