Palmer Brown Purchases 9,401 Shares of Compass Group PLC (LON:CPG) Stock

Compass Group PLC (LON:CPG) insider Palmer Brown bought 9,401 shares of Compass Group stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 2,656 ($33.39) per share, with a total value of £249,690.56 ($313,918.23).

Compass Group Stock Up 0.0 %

Shares of CPG opened at GBX 2,673 ($33.61) on Thursday. The firm has a market cap of £45.44 billion, a P/E ratio of 3,517.11, 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. Compass Group PLC has a 52 week low of GBX 2,069 ($26.01) and a 52 week high of GBX 2,786 ($35.03). The firm’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 Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be given a $0.39 dividend. This represents a dividend 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 payout ratio is presently 5,789.47%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPG shares. Deutsche Bank Aktiengesellschaft raised their price target 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 research note on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on Compass Group from GBX 2,600 ($32.69) to GBX 2,800 ($35.20) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Finally, Berenberg Bank increased their price target 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 note on Friday, December 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,675 ($33.63).

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.