Compass Group (LON:CPG) Stock Price Passes Above Two Hundred Day Moving Average of $1,753.98

Compass Group PLC (LON:CPGGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,753.98 ($21.19) and traded as high as GBX 1,913 ($23.12). Compass Group shares last traded at GBX 1,900 ($22.96), with a volume of 2,433,356 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CPG shares. Berenberg Bank raised their price target on Compass Group from GBX 2,050 ($24.77) to GBX 2,100 ($25.37) and gave the stock a “buy” rating in a report on Monday, August 1st. Barclays reaffirmed an “overweight” rating and set a GBX 2,000 ($24.17) target price on shares of Compass Group in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft lifted their target price on Compass Group from GBX 1,825 ($22.05) to GBX 1,940 ($23.44) and gave the stock a “hold” rating in a report on Wednesday, July 27th. Royal Bank of Canada lifted their target price on Compass Group from GBX 1,340 ($16.19) to GBX 1,500 ($18.12) and gave the stock an “underperform” rating in a report on Wednesday, May 25th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Compass Group in a report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Compass Group currently has a consensus rating of “Hold” and an average price target of GBX 1,827.50 ($22.08).

Compass Group Price Performance

The company has a market capitalization of £33.56 billion and a price-to-earnings ratio of 4,750.00. The stock has a fifty day simple moving average of GBX 1,874.56 and a 200-day simple moving average of GBX 1,754.29. The company has a debt-to-equity ratio of 74.81, a current ratio of 0.89 and a quick ratio of 0.81.

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.

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