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Compass Group (OTCMKTS:CMPGY) Rating Increased to Buy at HSBC

kopsource ·  Feb 4, 2023 02:01

HSBC upgraded shares of Compass Group (OTCMKTS:CMPGY – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Compass Group from GBX 2,100 ($25.94) to GBX 2,150 ($26.55) in a report on Tuesday, December 13th. Deutsche Bank Aktiengesellschaft upped their price objective on Compass Group from GBX 1,990 ($24.58) to GBX 2,000 ($24.70) in a research note on Wednesday, January 18th. Finally, Royal Bank of Canada increased their price target on Compass Group from GBX 1,575 ($19.45) to GBX 1,625 ($20.07) in a research note on Monday, December 5th.

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Compass Group Price Performance

Compass Group stock opened at $23.14 on Tuesday. The stock's 50 day moving average price is $23.30 and its 200 day moving average price is $22.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.95 and a quick ratio of 0.88. Compass Group has a one year low of $19.18 and a one year high of $25.25.

Compass Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 13th. Stockholders of record on Friday, January 20th will be issued a dividend of $0.2489 per share. This is a positive change from Compass Group's previous dividend of $0.10. The ex-dividend date of this dividend is Thursday, January 19th. This represents a dividend yield of 1.49%.

Compass Group Company Profile

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Compass Group Plc engages in the provision of food service and support services. It caters the sectors of business and industry, healthcare and seniors, education, defense, offshore and remote, sports and leisure, and vending. It operates through the following geographical segments: North America, Europe, Rest of the World, and Central Activities.

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