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

Compass Group PLC (LON:CPG) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,590.54 ($33.39) and traded as high as GBX 2,817 ($36.31). Compass Group shares last traded at GBX 2,720 ($35.06), with a volume of 4,609,039 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 2,960 ($38.15) price objective on shares of Compass Group in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Compass Group from GBX 2,500 ($32.22) to GBX 2,600 ($33.51) and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,690 ($34.67).

Compass Group Stock Performance

The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. The firm has a market cap of £46.14 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The firm’s fifty day moving average price is GBX 2,735.99 and its 200 day moving average price is GBX 2,590.54.

Compass Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th were issued a $0.39 dividend. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 1.17%. This is a positive change from Compass Group’s previous dividend of $0.21. Compass Group’s payout ratio is currently 55.33%.

Insider Transactions at Compass Group

In other news, insider Palmer Brown acquired 9,401 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($34.24) per share, with a total value of £249,690.56 ($321,849.14). Insiders own 0.15% of the company’s stock.

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.