Royal Bank Of Canada Upgrades Compass Group (LON:CPG) to “Outperform”

Compass Group (LON:CPG) was upgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a GBX 2,775 price target on the stock, up from their previous price target of GBX 2,700. Royal Bank Of Canada’s price objective points to a potential upside of 18.79% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Compass Group to a “buy” rating and raised their price target for the stock from GBX 2,700 to GBX 2,900 in a research note on Thursday, September 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,000 target price on shares of Compass Group in a research report on Friday, October 10th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,000 price target on shares of Compass Group in a research note on Tuesday, October 21st. Finally, Citigroup upgraded shares of Compass Group to a “buy” rating and increased their price objective for the stock from GBX 2,750 to GBX 3,000 in a research note on Thursday, November 27th. 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 target price of GBX 2,935.

Compass Group Price Performance

CPG stock opened at GBX 2,336 on Monday. The stock has a 50-day moving average price of GBX 2,499.86 and a two-hundred day moving average price of GBX 2,545.54. Compass Group has a 1 year low of GBX 2,326 and a 1 year high of GBX 2,853. The stock has a market cap of £39.64 billion, a PE ratio of 27.19, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56.

Insider Buying and Selling

In other Compass Group news, insider Leanne Wood purchased 444 shares of the stock in a transaction on Tuesday, November 25th. The shares were purchased at an average price of GBX 2,392 per share, with a total value of £10,620.48. Insiders own 0.52% of the company’s stock.

About Compass Group

Compass Group PLC is a world leading food service company, which generated annual revenues of $42.2 billion in the year to 30 September 2024. It serves meals to millions of people in c. 30 countries and employs and engages with c. 580,000 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.