Shore Capital Reaffirms Buy Rating for Compass Group (LON:CPG)

Shore Capital reiterated their buy rating on shares of Compass Group (LON:CPGFree Report) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports.

CPG has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upgraded Compass Group to a buy rating and boosted their price objective for the stock from GBX 2,106 ($26.40) to GBX 2,400 ($30.09) in a research note on Wednesday, November 15th. Numis Securities reiterated a buy rating on shares of Compass Group in a research report on Monday, December 4th. Citigroup restated a buy rating on shares of Compass Group in a report on Friday, November 24th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 2,200 ($27.58) target price on shares of Compass Group in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Compass Group presently has a consensus rating of Moderate Buy and an average target price of GBX 2,180 ($27.33).

Read Our Latest Research Report on CPG

Compass Group Stock Performance

LON:CPG opened at GBX 2,227 ($27.92) on Thursday. The company has a debt-to-equity ratio of 86.40, a quick ratio of 0.86 and a current ratio of 0.75. The stock has a market capitalization of £38.08 billion, a PE ratio of 2,969.33, a P/E/G ratio of 1.78 and a beta of 0.72. Compass Group has a fifty-two week low of GBX 1,852.50 ($23.22) and a fifty-two week high of GBX 2,250 ($28.21). The company has a fifty day moving average of GBX 2,136.28 and a two-hundred day moving average of GBX 2,070.19.

Compass Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, January 18th will be given a dividend of GBX 28.10 ($0.35) per share. This is a boost from Compass Group’s previous dividend of $15.00. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 1.34%. Compass Group’s payout ratio is presently 5,733.33%.

Insider Buying and Selling

In other news, insider Gary Green sold 83,055 shares of Compass Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of GBX 2,038 ($25.55), for a total transaction of £1,692,660.90 ($2,121,926.66). In other news, insider Gary Green sold 83,055 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of GBX 2,038 ($25.55), for a total transaction of £1,692,660.90 ($2,121,926.66). Also, insider Petros Parras sold 1,406 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of GBX 2,015 ($25.26), for a total value of £28,330.90 ($35,515.73). Over the last ninety days, insiders sold 85,040 shares of company stock worth $173,286,130. Insiders own 0.19% of the company’s stock.

Compass Group Company Profile

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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.

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Analyst Recommendations for Compass Group (LON:CPG)

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