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Compass Group (LON:CPG) Share Price Crosses Above Two Hundred Day Moving Average of $1,879.00

Defense World · Feb 1, 2023 02:21

Shares of Compass Group PLC (LON:CPG – Get Rating) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,879 ($23.21) and traded as high as GBX 1,966 ($24.28). Compass Group shares last traded at GBX 1,931 ($23.85), with a volume of 1,890,513 shares.

Analyst Upgrades and Downgrades

CPG has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Compass Group from GBX 1,940 ($23.96) to GBX 1,990 ($24.58) and gave the stock a "hold" rating in a report on Tuesday, November 22nd. Shore Capital reissued a "buy" rating on shares of Compass Group in a report on Wednesday, November 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a GBX 2,100 ($25.94) price target on shares of Compass Group in a research report on Tuesday, November 22nd. Peel Hunt restated a "buy" rating on shares of Compass Group in a research report on Tuesday, January 24th. Finally, Royal Bank of Canada boosted their price target on shares of Compass Group from GBX 1,575 ($19.45) to GBX 1,625 ($20.07) and gave the stock an "underperform" rating in a research report on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Compass Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,985.83 ($24.53).

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Compass Group Price Performance

The company has a debt-to-equity ratio of 82.59, a current ratio of 0.95 and a quick ratio of 0.86. The firm has a market cap of £33.87 billion and a P/E ratio of 3,065.08. The stock's 50-day simple moving average is GBX 1,904.48 and its two-hundred day simple moving average is GBX 1,879.

Compass Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Thursday, January 19th will be given a dividend of GBX 22.10 ($0.27) per share. This is a boost from Compass Group's previous dividend of $9.40. The ex-dividend date of this dividend is Thursday, January 19th. This represents a yield of 1.23%. Compass Group's payout ratio is 37.14%.

Insider Activity

In other news, insider Alison Yapp sold 6,764 shares of the business's stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of GBX 1,800 ($22.23), for a total transaction of £121,752 ($150,366.80). In other news, insider Alison Yapp sold 6,764 shares of the business's stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of GBX 1,800 ($22.23), for a total transaction of £121,752 ($150,366.80). Also, insider Palmer Brown sold 2,806 shares of the business's stock in a transaction on Thursday, December 1st. The shares were sold at an average price of GBX 1,880 ($23.22), for a total transaction of £52,752.80 ($65,151.04).

About Compass Group

(Get Rating)

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.