Compass Group (LON:CPG) Hits New 12-Month High – Still a Buy?

Compass Group PLC (LON:CPG)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,486 ($32.46) and last traded at GBX 2,481.66 ($32.41), with a volume of 5378787 shares changing hands. The stock had previously closed at GBX 2,459 ($32.11).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on Compass Group from GBX 2,600 ($33.95) to GBX 2,800 ($36.56) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Compass Group has a consensus rating of “Buy” and a consensus target price of GBX 2,533.33 ($33.08).

Compass Group Stock Performance

The company has a 50 day simple moving average of GBX 2,403.41 and a 200-day simple moving average of GBX 2,285.61. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86. The stock has a market cap of £42.26 billion, a P/E ratio of 3,322.97, a price-to-earnings-growth ratio of 1.76 and a beta of 0.81.

Insider Buying and Selling

In other Compass Group news, insider Leanne Wood purchased 1,300 shares of Compass Group stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of GBX 2,317 ($30.26) per share, for a total transaction of £30,121 ($39,332.72). 0.15% of the stock is currently owned by corporate insiders.

Compass Group Company Profile

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.