Brokerages Set Compass Group PLC (LON:CPG) Price Target at GBX 2,690

Shares of Compass Group PLC (LON:CPG) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 2,692 ($35.72).

Several equities research analysts have commented on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 2,960 ($39.27) price target on shares of Compass Group in a research report on Thursday, February 6th. Citigroup reduced their target price on shares of Compass Group from GBX 2,850 ($37.81) to GBX 2,700 ($35.82) and set a “neutral” rating for the company in a report on Tuesday.

Compass Group Stock Up 0.6 %

CPG stock opened at GBX 2,552 ($33.86) on Tuesday. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86. Compass Group has a fifty-two week low of GBX 2,114 ($28.05) and a fifty-two week high of GBX 2,853 ($37.85). The stock has a market capitalization of £43.29 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.42 and a beta of 0.81. The business has a 50-day moving average of GBX 2,622.28 and a 200-day moving average of GBX 2,619.73.

Compass Group Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.63 per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, April 3rd. This is an increase from Compass Group’s previous dividend of $0.39. Compass Group’s dividend payout ratio is 55.33%.

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.