Compass Group PLC (LON:CPG) Receives GBX 2,675 Consensus Target Price from Analysts

Shares of Compass Group PLC (LON:CPG - Get Free Report) have been given an average rating of "Moderate Buy" by the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,675 ($32.91).

A number of brokerages have recently issued reports on CPG. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Compass Group from GBX 2,500 ($30.76) to GBX 2,600 ($31.99) and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Berenberg Bank upped their price target on shares of Compass Group from GBX 2,460 ($30.27) to GBX 2,900 ($35.68) and gave the company a "buy" rating in a research report on Friday, December 13th.

Insiders Place Their Bets

In other news, insider Palmer Brown acquired 9,401 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of GBX 2,656 ($32.68) per share, with a total value of £249,690.56 ($307,235.83). Also, insider Dominic Blakemore sold 119,821 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.12), for a total transaction of £3,225,581.32 ($3,968,969.26). Insiders own 0.15% of the company's stock.

Compass Group Trading Down 1.3 %

Shares of CPG traded down GBX 35 ($0.43) during mid-day trading on Friday, reaching GBX 2,697 ($33.19). 1,832,224 shares of the company were exchanged, compared to its average volume of 4,117,499. The business has a 50 day simple moving average of GBX 2,647.12 and a two-hundred day simple moving average of GBX 2,447.14. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a market capitalization of £45.85 billion, a PE ratio of 3,548.68, a PEG ratio of 1.42 and a beta of 0.81. Compass Group has a 52 week low of GBX 2,095 ($25.78) and a 52 week high of GBX 2,786 ($34.28).

Compass Group Increases Dividend

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

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.