Compass Group (LON:CPG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Compass Group PLC (LON:CPG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,295.96 ($29.81) and traded as high as GBX 2,494 ($32.38). Compass Group shares last traded at GBX 2,485 ($32.26), with a volume of 1,991,197 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on Compass Group from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 2,533.33 ($32.89).

Compass Group Trading Down 0.6 %

The business has a 50 day simple moving average of GBX 2,419.97 and a two-hundred day simple moving average of GBX 2,295.96. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31. The stock has a market cap of £42.25 billion, a price-to-earnings ratio of 3,269.74, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Insider Buying and Selling at Compass Group

In other Compass Group news, insider Leanne Wood acquired 1,300 shares of the stock in a transaction on Thursday, July 25th. The stock was purchased at an average price of GBX 2,317 ($30.08) per share, for a total transaction of £30,121 ($39,108.02). 0.15% of the stock is owned by insiders.

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.