Zacks Investment Research Lowers Compass Group (OTCMKTS:CMPGY) to Hold

Zacks Investment Research cut shares of Compass Group (OTCMKTS:CMPGY – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Compass Group PLC provides food and support services to its customers globally through its subsidiaries. The Company serves customers in offices and factories; schools and universities; hospitals and senior living communities; major sports and cultural venues; and remote mining camps and offshore platforms. Its food service segment offers services in the form of free flow restaurants, formal dining restaurants, grab and go deli and café outlets and vending. Support services provided by Compass Group PLC include cleaning, building operations and maintenance, logistics and transport, outdoor, project management and security services. The sectors catered by Campus include business and industry; healthcare and senior citizens; education; sports and leisure and defense, offshore and remote. Compass Group PLC is headquartered in Chertsey, United Kingdom. “

Several other research firms also recently weighed in on CMPGY. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 1,720 ($21.49) to GBX 1,750 ($21.86) in a research report on Tuesday, April 19th. Morgan Stanley boosted their price objective on shares of Compass Group from GBX 1,800 ($22.49) to GBX 1,950 ($24.36) in a research report on Friday, February 4th. Finally, Credit Suisse Group boosted their price objective on shares of Compass Group from GBX 1,950 ($24.36) to GBX 2,100 ($26.23) in a research report on Monday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Compass Group currently has a consensus rating of Buy and an average price target of $1,455.75.

Compass Group stock opened at $21.11 on Monday. The firm’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $22.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.95 and a quick ratio of 0.88. Compass Group has a fifty-two week low of $19.35 and a fifty-two week high of $25.25.

Compass Group Company Profile (Get Rating)

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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