Compass Group (LON:CPG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Compass Group PLC (LON:CPG)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,321.40 ($29.87) and traded as high as GBX 2,662 ($34.26). Compass Group shares last traded at GBX 2,645 ($34.04), with a volume of 1,668,195 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price target on shares of Compass Group from GBX 2,600 ($33.46) to GBX 2,800 ($36.03) and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Compass Group currently has an average rating of “Buy” and a consensus price target of GBX 2,533.33 ($32.60).

Compass Group Trading Up 1.6 %

The business’s 50-day moving average is GBX 2,464.13 and its two-hundred day moving average is GBX 2,321.40. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a market capitalization of £44.97 billion, a PE ratio of 3,480.26, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

Compass Group Company Profile

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.