Compass Group (LON:CPG) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Shares of Compass Group PLC (LON:CPG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,602.43 ($33.64) and traded as high as GBX 2,648 ($34.23). Compass Group shares last traded at GBX 2,648 ($34.23), with a volume of 33,957,297 shares traded.

Wall Street Analysts Forecast Growth

CPG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Compass Group from GBX 2,500 ($32.32) to GBX 2,600 ($33.61) and gave the company a "hold" rating in a research report on Tuesday, December 10th. Berenberg Bank reissued a "buy" rating and set a GBX 2,960 ($38.26) price objective 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 stock. Based on data from MarketBeat.com, Compass Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,690 ($34.77).

Compass Group Stock Down 0.3 %

The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. The stock's fifty day simple moving average is GBX 2,731.72 and its two-hundred day simple moving average is GBX 2,607.81. The stock has a market capitalization of £44.97 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

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

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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.