Compass Group PLC (LON:CPG) Receives Consensus Rating of “Hold” from Brokerages

Compass Group PLC (LON:CPG – Get Rating) has been given a consensus rating of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 1,870 ($22.53).

Several research firms have recently issued reports on CPG. Barclays reissued an “overweight” rating and set a GBX 2,000 ($24.10) target price on shares of Compass Group in a research note on Wednesday. Berenberg Bank boosted their target price on Compass Group from GBX 2,000 ($24.10) to GBX 2,050 ($24.70) and gave the company a “buy” rating in a research note on Friday, May 20th. Shore Capital reissued a “buy” rating on shares of Compass Group in a research note on Monday, May 23rd. JPMorgan Chase & Co. lifted their price target on Compass Group from GBX 1,950 ($23.49) to GBX 2,050 ($24.70) and gave the company a “neutral” rating in a research report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Compass Group from GBX 1,825 ($21.99) to GBX 1,940 ($23.37) and gave the company a “hold” rating in a research report on Wednesday.

Compass Group Price Performance

CPG opened at GBX 1,914.50 ($23.07) on Friday. The company has a debt-to-equity ratio of 74.81, a quick ratio of 0.81 and a current ratio of 0.89. Compass Group has a 52-week low of GBX 1,408.50 ($16.97) and a 52-week high of GBX 1,965.50 ($23.68). The stock has a market capitalization of £33.96 billion and a PE ratio of 4,558.33. The stock’s 50 day moving average price is GBX 1,767.91 and its 200-day moving average price is GBX 1,715.

Compass Group Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, June 9th were issued a GBX 9.40 ($0.11) dividend. This represents a yield of 0.6%. The ex-dividend date was Thursday, June 9th. Compass Group’s dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In related news, insider Ireena Vittal bought 111 shares of the company’s stock in a transaction on Monday, June 6th. The shares were acquired at an average cost of GBX 1,796 ($21.64) per share, with a total value of £1,993.56 ($2,401.88). In related news, insider Ireena Vittal bought 111 shares of the company’s stock in a transaction on Monday, June 6th. The shares were acquired at an average cost of GBX 1,796 ($21.64) per share, with a total value of £1,993.56 ($2,401.88). Also, insider Sundar Raman bought 5,030 shares of the company’s stock in a transaction on Friday, May 13th. The stock was bought at an average cost of GBX 1,776 ($21.40) per share, for a total transaction of £89,332.80 ($107,629.88).

About Compass Group

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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.