Compass Group PLC (LON:CPG) Given Average Recommendation of "Moderate Buy" by Brokerages

Compass Group PLC (LON:CPG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 2,690 ($33.37).

CPG has been the subject of several research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,960 ($36.72) target price on shares of Compass Group in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Compass Group from GBX 2,500 ($31.01) to GBX 2,600 ($32.25) and gave the stock a "hold" rating in a research note on Tuesday, December 10th.

Insider Activity at Compass Group

In other Compass Group news, insider Palmer Brown purchased 9,401 shares of Compass Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($32.95) per share, with a total value of £249,690.56 ($309,751.35). Also, insider Dominic Blakemore sold 119,821 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.40), for a total value of £3,225,581.32 ($4,001,465.48). 0.15% of the stock is owned by corporate insiders.

Compass Group Trading Up 1.0 %

Shares of LON CPG traded up GBX 27.02 ($0.34) during trading hours on Tuesday, reaching GBX 2,761.02 ($34.25). The stock had a trading volume of 4,818,601 shares, compared to its average volume of 3,989,058. Compass Group has a 52-week low of GBX 2,114 ($26.23) and a 52-week high of GBX 2,805 ($34.80). The firm has a market cap of £46.94 billion, a price-to-earnings ratio of 3,632.93, a P/E/G ratio of 1.42 and a beta of 0.81. The business's fifty day moving average price is GBX 2,695.56 and its two-hundred day moving average price is GBX 2,520.08. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be given a $0.39 dividend. This represents a dividend yield of 1.17%. This is a positive change from Compass Group's previous dividend of $0.21. The ex-dividend date is Thursday, January 16th. Compass Group's payout ratio is presently 5,789.47%.

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.