Compass Group PLC (LON:CPG) Insider Palmer Brown Acquires 9,401 Shares

Compass Group PLC (LON:CPG) insider Palmer Brown purchased 9,401 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of GBX 2,656 ($33.77) per share, with a total value of £249,690.56 ($317,430.16).

Compass Group Price Performance

LON:CPG opened at GBX 2,672 ($33.97) on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The business’s 50-day moving average price is GBX 2,581.12 and its 200 day moving average price is GBX 2,395.17. Compass Group PLC has a 52-week low of GBX 2,069 ($26.30) and a 52-week high of GBX 2,786 ($35.42). The firm has a market cap of £45.42 billion, a P/E ratio of 3,515.79, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be paid 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 payout ratio is currently 5,789.47%.

Wall Street Analyst Weigh In

CPG has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Compass Group from GBX 2,600 ($33.05) to GBX 2,800 ($35.60) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Compass Group from GBX 2,500 ($31.78) to GBX 2,600 ($33.05) and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Finally, Berenberg Bank increased their price objective on shares of Compass Group from GBX 2,460 ($31.27) to GBX 2,900 ($36.87) and gave the company a “buy” rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,675 ($34.01).

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.