Compass Group (LON:CPG) PT Raised to GBX 2,050 at Berenberg Bank

Compass Group (LON:CPGGet Rating) had its price objective lifted by Berenberg Bank from GBX 2,000 ($24.65) to GBX 2,050 ($25.27) in a research report issued on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 19.74% from the stock’s previous close.

CPG has been the topic of several other research reports. JPMorgan Chase & Co. boosted their target price 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 report on Thursday, May 12th. Morgan Stanley restated an “overweight” rating on shares of Compass Group in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft boosted their target price 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 note on Wednesday, May 11th. Shore Capital reaffirmed a “buy” rating on shares of Compass Group in a report on Monday. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 2,000 ($24.65) target price on shares of Compass Group in a report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,779.44 ($21.94).

Shares of CPG opened at GBX 1,712 ($21.10) on Friday. Compass Group has a 12 month low of GBX 1,395.50 ($17.20) and a 12 month high of GBX 1,841.98 ($22.71). The firm’s 50 day moving average is GBX 1,681.72 and its 200-day moving average is GBX 1,649.74. The stock has a market capitalization of £30.55 billion and a PE ratio of 85.48. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 91.10.

In related news, insider Sundar Raman purchased 5,030 shares of Compass Group stock in a transaction dated Friday, May 13th. The shares were acquired 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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