Compass Group (LON:CPG) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Compass Group PLC (LON:CPG - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,486.65 ($30.94) and traded as high as GBX 2,709 ($33.71). Compass Group shares last traded at GBX 2,704 ($33.64), with a volume of 404,036,250 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on CPG shares. Berenberg Bank raised their price objective on shares of Compass Group from GBX 2,460 ($30.61) to GBX 2,900 ($36.08) and gave the stock a "buy" rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Compass Group from GBX 2,500 ($31.11) to GBX 2,600 ($32.35) and gave the stock a "hold" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Compass Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,675 ($33.28).

Compass Group Stock Performance

The company has a market capitalization of £47.11 billion, a PE ratio of 3,646.05, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock's fifty day simple moving average is GBX 2,674.24 and its 200-day simple moving average is GBX 2,490.48. 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 firm also recently declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.39 per share. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, January 16th. This is a positive change from Compass Group's previous dividend of $0.21. Compass Group's dividend payout ratio is currently 5,789.47%.

Insider Activity

In related news, insider Dominic Blakemore sold 119,821 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.50), for a total transaction of £3,225,581.32 ($4,013,414.61). Also, insider Palmer Brown purchased 9,401 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of GBX 2,656 ($33.05) per share, with a total value of £249,690.56 ($310,676.32). Company 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.