Compass Group (LON:CPG) Sets New 1-Year High - Still a Buy?

Compass Group PLC (LON:CPG - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 2,529 ($32.84) and last traded at GBX 2,528 ($32.82), with a volume of 10695455 shares changing hands. The stock had previously closed at GBX 2,507.52 ($32.56).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Compass Group from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an "overweight" rating in a report on Wednesday, September 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Compass Group presently has an average rating of "Buy" and a consensus price target of GBX 2,533.33 ($32.89).

Compass Group Stock Up 1.6 %

The firm's 50 day simple moving average is GBX 2,429.87 and its 200 day simple moving average is GBX 2,299.73. The company has a market cap of £43.30 billion, a price-to-earnings ratio of 3,351.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

Compass Group Company Profile

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.