Compass Group (LON:CPG) Price Target Raised to GBX 2,900

Compass Group (LON:CPG) had its price target increased by Berenberg Bank from GBX 2,460 ($31.06) to GBX 2,900 ($36.62) in a research report sent to investors on Friday,Digital Look reports. Berenberg Bank currently has a buy rating on the stock.

Several other brokerages have also recently commented on CPG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Compass Group from GBX 2,500 ($31.57) to GBX 2,600 ($32.83) and gave the company a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lifted their target price on shares of Compass Group from GBX 2,600 ($32.83) to GBX 2,800 ($35.35) and gave the company an “overweight” rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Compass Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,675 ($33.78).

Compass Group Stock Down 0.4 %

LON CPG traded down GBX 11.16 ($0.14) during trading on Friday, hitting GBX 2,649 ($33.45). The company’s stock had a trading volume of 12,225,156 shares, compared to its average volume of 4,913,584. The company has a market cap of £45.03 billion, a PE ratio of 3,493.42, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a fifty-two week low of GBX 2,069 ($26.12) and a fifty-two week high of GBX 2,786 ($35.18). 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 business’s 50 day simple moving average is GBX 2,571.26 and its 200-day simple moving average is GBX 2,390.42.

Compass Group Increases Dividend

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

Insider Activity

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.99), for a total value of £3,225,581.32 ($4,072,703.69). Company insiders own 0.15% of the company’s stock.

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.