Shore Capital Reaffirms Buy Rating for Compass Group (LON:CPG)

Compass Group (LON:CPGGet Rating)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research note issued on Monday, Marketbeat reports.

Several other brokerages have also recently weighed in on CPG. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,000 ($24.65) price target on shares of Compass Group in a research note on Friday, February 4th. Barclays reissued 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. JPMorgan Chase & Co. boosted their price target on Compass Group from GBX 1,950 ($24.04) to GBX 2,050 ($25.27) and gave the company a “neutral” rating in a research note on Thursday, May 12th. Morgan Stanley reiterated an “overweight” rating on shares of Compass Group in a research report on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,779.44 ($21.94).

Shares of LON:CPG opened at GBX 1,709.50 ($21.07) on Monday. 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 company’s 50-day moving average price is GBX 1,681.72 and its two-hundred day moving average price is GBX 1,649.74. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 91.10. The firm has a market cap of £30.50 billion and a P/E ratio of 85.48.

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

About Compass Group (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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