Compass Group (LON:CPG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Compass Group PLC (LON:CPG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,575.21 ($32.64) and traded as high as GBX 2,800 ($35.49). Compass Group shares last traded at GBX 2,781 ($35.25), with a volume of 1,975,624 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CPG. Deutsche Bank Aktiengesellschaft lifted their target price on Compass Group from GBX 2,500 ($31.69) to GBX 2,600 ($32.95) and gave the company a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,960 ($37.52) price objective on shares of Compass Group in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,690 ($34.09).

Compass Group Stock Up 0.6 %

The firm has a 50-day simple moving average of GBX 2,720.96 and a 200 day simple moving average of GBX 2,575.21. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86. The company has a market capitalization of £47.47 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from Compass Group’s previous dividend of $0.21. This represents a yield of 1.17%. Compass Group’s dividend payout ratio (DPR) is 55.33%.

Insider Buying and Selling at Compass Group

In other Compass Group news, insider Palmer Brown bought 9,401 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of GBX 2,656 ($33.66) per share, with a total value of £249,690.56 ($316,464.59). 0.15% of the stock is currently owned by corporate insiders.

Compass Group Company Profile

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.