Dominic Blakemore Sells 119,821 Shares of Compass Group PLC (LON:CPG) Stock

Compass Group PLC (LON:CPG) insider Dominic Blakemore sold 119,821 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($34.29), for a total value of £3,225,581.32 ($4,108,497.41).

Compass Group Price Performance

CPG stock opened at GBX 2,693.04 ($34.30) on Friday. Compass Group PLC has a 52 week low of GBX 1,999.50 ($25.47) and a 52 week high of GBX 2,747 ($34.99). The firm has a market capitalization of £45.78 billion, a P/E ratio of 3,543.47, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a fifty day simple moving average of GBX 2,520.55 and a two-hundred day simple moving average of GBX 2,362.05. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.39 per share. This is a boost from Compass Group’s previous dividend of $0.21. This represents a yield of 1.17%. The ex-dividend date is Thursday, January 16th. Compass Group’s payout ratio is presently 5,789.47%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on shares of Compass Group from GBX 2,600 ($33.12) to GBX 2,800 ($35.66) and gave the company an “overweight” rating in a report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Compass Group has a consensus rating of “Buy” and a consensus price target of GBX 2,600 ($33.12).

About Compass Group

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.