Compass Group (LON:CPG) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Compass Group PLC (LON:CPG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,466.36 ($30.01) and traded as high as GBX 2,700 ($32.85). Compass Group shares last traded at GBX 2,675 ($32.55), with a volume of 2,215,306 shares traded.

Analyst Upgrades and Downgrades

CPG has been the topic of several analyst reports. Berenberg Bank increased their price target on Compass Group from GBX 2,460 ($29.93) to GBX 2,900 ($35.28) and gave the company a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Compass Group from GBX 2,500 ($30.42) to GBX 2,600 ($31.63) and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,675 ($32.55).

Compass Group Stock Up 0.1 %

The firm has a 50-day moving average price of GBX 2,663.86 and a two-hundred day moving average price of GBX 2,468.04. The company has a market capitalization of £45.48 billion, a P/E ratio of 3,519.74, a PEG ratio of 1.42 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.39 per share. This is an increase from Compass Group’s previous dividend of $0.21. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.17%. Compass Group’s payout ratio is presently 5,789.47%.

Insider Activity at Compass Group

In related news, insider Palmer Brown bought 9,401 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of GBX 2,656 ($32.32) per share, with a total value of £249,690.56 ($303,796.76). Also, insider Dominic Blakemore sold 119,821 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($32.75), for a total value of £3,225,581.32 ($3,924,542.30). 0.15% of the stock is owned by corporate insiders.

Compass Group Company Profile

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.