Compass Group PLC (LON:CPG) Receives GBX 2,600 Consensus Target Price from Brokerages

Shares of Compass Group PLC (LON:CPG) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 2,675 ($33.63).

A number of brokerages have weighed in on CPG. Deutsche Bank Aktiengesellschaft increased their target price on shares of Compass Group from GBX 2,500 ($31.43) to GBX 2,600 ($32.69) and gave the stock a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank boosted their price objective on shares of Compass Group from GBX 2,460 ($30.93) to GBX 2,900 ($36.46) and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Compass Group from GBX 2,600 ($32.69) to GBX 2,800 ($35.20) and gave the stock an “overweight” rating in a report on Wednesday, September 11th.

Insider Activity at Compass Group

In other Compass Group news, insider Palmer Brown bought 9,401 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of GBX 2,656 ($33.39) per share, for a total transaction of £249,690.56 ($313,918.23). Also, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.84), for a total value of £3,225,581.32 ($4,055,294.59). 0.15% of the stock is currently owned by insiders.

Compass Group Stock Performance

CPG stock opened at GBX 2,673 ($33.61) on Monday. The stock’s 50 day simple moving average is GBX 2,586.22 and its 200 day simple moving average is GBX 2,397.10. Compass Group has a 12-month low of GBX 2,069 ($26.01) and a 12-month high of GBX 2,786 ($35.03). The firm has a market cap of £45.44 billion, a P/E ratio of 3,517.11, a P/E/G ratio of 1.42 and a beta of 0.81. 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 disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, January 16th will be issued a $0.39 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, January 16th. This is a boost from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio (DPR) is 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.