Berenberg Bank Reiterates “Buy” Rating for Compass Group (LON:CPG)

Compass Group (LON:CPG)‘s stock had its “buy” rating reaffirmed by Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They currently have a GBX 2,960 ($36.81) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 7.21% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Compass Group from GBX 2,500 ($31.09) to GBX 2,600 ($32.33) and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,690 ($33.45).

Compass Group Price Performance

Shares of CPG traded up GBX 27.02 ($0.34) during trading hours on Thursday, reaching GBX 2,761.02 ($34.34). The company had a trading volume of 4,818,601 shares, compared to its average volume of 3,989,058. The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31. The firm has a 50 day simple moving average of GBX 2,695.56 and a 200-day simple moving average of GBX 2,520.08. Compass Group has a 12-month low of GBX 2,114 ($26.29) and a 12-month high of GBX 2,805 ($34.88). The company has a market capitalization of £46.94 billion, a price-to-earnings ratio of 3,632.93, a PEG ratio of 1.42 and a beta of 0.81.

Insider Activity

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($33.48), for a total transaction of £3,225,581.32 ($4,011,418.13). Also, insider Palmer Brown acquired 9,401 shares of Compass Group stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of GBX 2,656 ($33.03) per share, for a total transaction of £249,690.56 ($310,521.78). 0.15% of the stock is owned by company insiders.

About Compass Group

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.