Compass Group (LON:CPG) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Compass Group PLC (LON:CPG)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,602.43 ($33.66) and traded as high as GBX 2,648 ($34.25). Compass Group shares last traded at GBX 2,648 ($34.25), with a volume of 33,957,297 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 2,960 ($38.29) target price on shares of Compass Group in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft increased their target price on Compass Group from GBX 2,500 ($32.34) to GBX 2,600 ($33.63) 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 four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,690 ($34.79).

Compass Group Trading Up 0.6 %

The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. The company has a market cap of £45.12 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock has a 50-day moving average of GBX 2,731.72 and a two-hundred day moving average of GBX 2,604.59.

Compass Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th were paid a dividend of $0.39 per share. This represents a yield of 1.17%. This is an increase from Compass Group’s previous dividend of $0.21. The ex-dividend date of this dividend was Thursday, January 16th. Compass Group’s dividend payout ratio (DPR) is currently 55.33%.

Insider Buying and Selling at Compass Group

In other news, insider Palmer Brown purchased 9,401 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of GBX 2,656 ($34.36) per share, for a total transaction of £249,690.56 ($322,973.17). Company insiders own 0.15% of the company’s stock.

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.