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

Compass Group PLC (LON:CPG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,602.43 ($33.71) and traded as high as GBX 2,648 ($34.30). Compass Group shares last traded at GBX 2,648 ($34.30), with a volume of 33,957,297 shares trading hands.

Wall Street Analysts Forecast Growth

CPG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($32.38) to GBX 2,600 ($33.68) and gave the company a “hold” rating in a research report on Tuesday, December 10th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,960 ($38.34) target price on shares of Compass Group in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Compass Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,690 ($34.84).

Compass Group Trading Up 0.6 %

The stock has a market capitalization of £44.92 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56. The stock’s fifty day moving average price is GBX 2,731.80 and its two-hundred day moving average price is GBX 2,602.43.

Compass Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th were issued a $0.39 dividend. This represents a dividend yield of 1.17%. This is a positive change from Compass Group’s previous dividend of $0.21. The ex-dividend date was Thursday, January 16th. Compass Group’s payout ratio is presently 55.33%.

Insider Transactions at Compass Group

In other Compass Group news, insider Palmer Brown acquired 9,401 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of GBX 2,656 ($34.40) per share, for a total transaction of £249,690.56 ($323,433.37). Company 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.