Compass Group (LON:CPG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Compass Group PLC (LON:CPG) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,509.29 and traded as low as GBX 2,357. Compass Group shares last traded at GBX 2,363, with a volume of 1,262,620 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Berenberg Bank boosted their price target on Compass Group from GBX 3,000 to GBX 3,100 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded Compass Group to a “buy” rating and lifted their price objective for the stock from GBX 2,700 to GBX 2,900 in a report on Thursday, September 11th. Citigroup upgraded shares of Compass Group to a “buy” rating and upped their target price for the company from GBX 2,750 to GBX 3,000 in a research note on Thursday, November 27th. Royal Bank Of Canada upgraded shares of Compass Group to an “outperform” rating and lifted their price target for the stock from GBX 2,700 to GBX 2,775 in a research note on Monday, December 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 3,000 price objective on shares of Compass Group in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Compass Group has an average rating of “Buy” and a consensus price target of GBX 2,979.17.

Compass Group Stock Performance

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 £40.10 billion, a P/E ratio of 21.50, a P/E/G ratio of 1.42 and a beta of 0.81. The business has a fifty day simple moving average of GBX 2,437.97 and a two-hundred day simple moving average of GBX 2,509.29.

Insider Activity

In other Compass Group news, insider Leanne Wood acquired 444 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average price of GBX 2,392 per share, for a total transaction of £10,620.48. Corporate 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.