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

Compass Group PLC (LON:CPG) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 2,675 ($32.91).

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

Insider Buying and Selling

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

Compass Group Stock Up 2.6 %

Shares of CPG opened at GBX 2,732 ($33.62) on Friday. 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 has a one year low of GBX 2,095 ($25.78) and a one year high of GBX 2,786 ($34.28). The company has a market cap of £46.44 billion, a P/E ratio of 3,594.74, a P/E/G ratio of 1.42 and a beta of 0.81. The firm 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.

Compass Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.17%. This is a boost from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio (DPR) 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.