Compass Group PLC (LON:CPG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Compass Group PLC (LON:CPG) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 2,675 ($32.91).

CPG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Compass Group from GBX 2,500 ($30.76) to GBX 2,600 ($31.99) and gave the company a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank upped their price target on Compass Group from GBX 2,460 ($30.27) to GBX 2,900 ($35.68) and gave the stock a “buy” rating in a research report on Friday, December 13th.

Insider Buying and Selling at Compass Group

In other news, insider Palmer Brown acquired 9,401 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($32.68) per share, with a total value of £249,690.56 ($307,235.83). 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 ($33.12), for a total value of £3,225,581.32 ($3,968,969.26). Insiders own 0.15% of the company’s stock.

Compass Group Stock Up 2.6 %

Compass Group stock opened at GBX 2,732 ($33.62) on Friday. The stock has a market cap of £46.44 billion, a PE ratio of 3,594.74, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a fifty day moving average of GBX 2,647.12 and a 200 day moving average of GBX 2,447.14. Compass Group has a one year low of GBX 2,095 ($25.78) and a one year high of GBX 2,786 ($34.28).

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 issued a $0.39 dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.17%. This is an increase from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio is currently 5,789.47%.

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.