Compass Group PLC (LON:CPG – Get Free Report)’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).
Get Our Latest Report on Compass Group
Compass Group Trading Up 0.6 %
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.
Recommended Stories
- Five stocks we like better than Compass Group
- The Basics of Support and Resistance
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Invest in Small Cap Stocks
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Why Invest in High-Yield Dividend Stocks?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Compass Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Group and related companies with MarketBeat.com's FREE daily email newsletter.