Compass Group PLC (LON:CPG) Receives GBX 2,690 Consensus Target Price from Analysts

Shares of Compass Group PLC (LON:CPG) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,692 ($35.72).

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Compass Group from GBX 2,850 ($37.81) to GBX 2,700 ($35.82) and set a “neutral” rating for the company in a research note on Tuesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,960 ($39.27) price target on shares of Compass Group in a report on Thursday, February 6th.

Compass Group Stock Up 0.6 %

CPG stock opened at GBX 2,552 ($33.86) on Tuesday. The business’s 50-day simple moving average is GBX 2,622.28 and its 200 day simple moving average is GBX 2,619.73. The company has a quick ratio of 0.86, a current ratio of 0.74 and a debt-to-equity ratio of 86.56. The company has a market cap of £43.29 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. Compass Group has a twelve month low of GBX 2,114 ($28.05) and a twelve month high of GBX 2,853 ($37.85).

Compass Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a $0.63 dividend. This represents a yield of 0.77%. The ex-dividend date was Thursday, April 3rd. This is an increase from Compass Group’s previous dividend of $0.39. Compass Group’s dividend payout ratio is currently 55.33%.

About Compass Group

Compass Group PLC is a world leading food service company, which generated annual revenues of £31.3 billion in the year to 30 September 2023. It serves meals to millions of people in c. 35 countries and employs and engages with c. 550,000 people. The Company specialises in providing food and a range of targeted support services across the core sectors of Business & Industry, Healthcare & Senior Living, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.