Berenberg Bank Raises Compass Group (LON:CPG) Price Target to GBX 2,050

Compass Group (LON:CPGGet Rating) had its price target raised by Berenberg Bank from GBX 2,000 ($24.65) to GBX 2,050 ($25.27) in a research note published on Friday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the stock.

A number of other research firms also recently weighed in on CPG. Shore Capital reiterated a buy rating on shares of Compass Group in a research report on Monday. Morgan Stanley restated an overweight rating on shares of Compass Group in a research report on Wednesday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of Compass Group from GBX 1,950 ($24.04) to GBX 2,050 ($25.27) and gave the company a neutral rating in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Compass Group from GBX 1,750 ($21.57) to GBX 1,825 ($22.50) and gave the company a hold rating in a research report on Wednesday, May 11th. Finally, Barclays restated an overweight rating and set a GBX 2,000 ($24.65) price objective on shares of Compass Group in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Compass Group has a consensus rating of Buy and a consensus target price of GBX 1,779.44 ($21.94).

Compass Group stock opened at GBX 1,713.50 ($21.12) on Friday. The stock has a 50-day simple moving average of GBX 1,681.72 and a 200 day simple moving average of GBX 1,649.74. The company has a debt-to-equity ratio of 91.10, a quick ratio of 0.86 and a current ratio of 0.95. The stock has a market capitalization of £30.57 billion and a P/E ratio of 85.48. Compass Group has a 52 week low of GBX 1,395.50 ($17.20) and a 52 week high of GBX 1,841.98 ($22.71).

The business also recently disclosed a dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, June 9th will be issued a dividend of GBX 9.40 ($0.12) per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a dividend yield of 0.6%.

In related news, insider Sundar Raman acquired 5,030 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were purchased at an average price of GBX 1,776 ($21.89) per share, for a total transaction of £89,332.80 ($110,124.26).

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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Analyst Recommendations for Compass Group (LON:CPG)

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