Compass Group (LON:CPG) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Compass Group PLC (LON:CPG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,408.11 ($30.19) and traded as high as GBX 2,657 ($33.31). Compass Group shares last traded at GBX 2,645 ($33.16), with a volume of 552,951 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on CPG shares. Berenberg Bank increased their price objective on Compass Group from GBX 2,460 ($30.84) to GBX 2,900 ($36.35) and gave the stock a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Compass Group from GBX 2,600 ($32.59) to GBX 2,800 ($35.10) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Compass Group from GBX 2,500 ($31.34) to GBX 2,600 ($32.59) and gave the company a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,675 ($33.53).

Compass Group Price Performance

The firm has a 50-day simple moving average of GBX 2,600.56 and a 200-day simple moving average of GBX 2,408.11. The firm has a market cap of £44.97 billion, a P/E ratio of 3,480.26, a PEG ratio of 1.42 and a beta of 0.81. 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 announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be paid a $0.39 dividend. This represents a 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 payout ratio is 5,789.47%.

Insider Buying and Selling 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 ($33.30) per share, with a total value of £249,690.56 ($313,013.11). 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 ($33.75), for a total value of £3,225,581.32 ($4,043,602.01). Insiders own 0.15% of the company’s stock.

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.