Compass Group PLC (LON:CPG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Compass Group PLC (LON:CPG) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,675 ($33.28).

Several brokerages recently commented on CPG. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($31.10) to GBX 2,600 ($32.35) and gave the stock a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank upped their target price on Compass Group from GBX 2,460 ($30.60) to GBX 2,900 ($36.08) and gave the company a “buy” rating in a research report on Friday, December 13th.

Insider Transactions at Compass Group

In related news, insider Palmer Brown purchased 9,401 shares of Compass Group stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of GBX 2,656 ($33.04) per share, with a total value of £249,690.56 ($310,637.67). Also, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.49), for a total value of £3,225,581.32 ($4,012,915.30). Insiders own 0.15% of the company’s stock.

Compass Group Trading Down 0.5 %

CPG stock opened at GBX 2,791.98 ($34.73) on Tuesday. Compass Group has a one year low of GBX 2,114 ($26.30) and a one year high of GBX 2,805 ($34.90). The stock has a market cap of £47.46 billion, a price-to-earnings ratio of 3,673.66, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a fifty day moving average price of GBX 2,686.22 and a two-hundred day moving average price of GBX 2,507.84. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86.

Compass Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be given a dividend of $0.39 per share. This represents a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 16th. 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%.

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.