Compass Group (LON:CPG) Shares Pass Above 200 Day Moving Average - Time to Sell?

Compass Group PLC (LON:CPG - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,337.25 ($29.57) and traded as high as GBX 2,634 ($33.33). Compass Group shares last traded at GBX 2,618.97 ($33.14), with a volume of 2,523,809 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on Compass Group from GBX 2,600 ($32.90) to GBX 2,800 ($35.43) and gave the company an "overweight" rating in a research note on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 2,600 ($32.90).

Compass Group Price Performance

The firm has a fifty day moving average of GBX 2,491.67 and a two-hundred day moving average of GBX 2,339.95. The company has a market capitalization of £44.47 billion, a PE ratio of 3,448.68, a PEG 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.

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.