Compass Group PLC (LON:CPG) Receives GBX 2,675 Consensus Target Price from Analysts

Shares of Compass Group PLC (LON:CPG) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com 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 price objective among analysts that have issued a report on the stock in the last year is GBX 2,675 ($33.27).

CPG has been the subject of a number of research analyst reports. Berenberg Bank raised their price objective on shares of Compass Group from GBX 2,460 ($30.59) to GBX 2,900 ($36.07) and gave the stock a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Compass Group from GBX 2,500 ($31.09) to GBX 2,600 ($32.33) and gave the stock a “hold” rating in a research note on Tuesday, December 10th.

Insider Transactions at Compass Group

In related news, insider Palmer Brown purchased 9,401 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($33.03) per share, with a total value of £249,690.56 ($310,521.78). Also, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.48), for a total value of £3,225,581.32 ($4,011,418.13). Company insiders own 0.15% of the company’s stock.

Compass Group Trading Down 2.0 %

Shares of Compass Group stock opened at GBX 2,734 ($34.00) on Tuesday. The company has a market capitalization of £46.48 billion, a P/E ratio of 3,597.37, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock has a fifty day simple moving average of GBX 2,694.48 and a 200 day simple moving average of GBX 2,516.06. Compass Group has a 12-month low of GBX 2,114 ($26.29) and a 12-month high of GBX 2,805 ($34.88). 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 company also recently announced a dividend, which will be paid on Thursday, February 27th. Investors 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 boost from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio is currently 5,789.47%.

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.