Compass Group (LON:CPG) Price Target Raised to GBX 1,800

Compass Group (LON:CPG) had its price objective lifted by Goldman Sachs Group from GBX 1,700 ($22.36) to GBX 1,800 ($23.68) in a research report released on Monday, Stock Target Advisor reports. They currently have a sell rating on the stock.

A number of other research firms also recently weighed in on CPG. UBS Group reaffirmed a buy rating on shares of Compass Group in a research report on Friday, February 7th. BNP Paribas downgraded Compass Group to an underperform rating in a research report on Wednesday, December 11th. Liberum Capital raised Compass Group to a buy rating in a research report on Thursday, February 6th. Shore Capital reaffirmed a hold rating on shares of Compass Group in a research report on Thursday, February 6th. Finally, Deutsche Bank started coverage on Compass Group in a research report on Monday, February 3rd. They set a hold rating and a GBX 1,850 ($24.34) price target for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 1,917.69 ($25.23).

Shares of CPG opened at GBX 1,952 ($25.68) on Monday. The company has a debt-to-equity ratio of 115.32, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a 50 day simple moving average of GBX 1,917.43 and a 200 day simple moving average of GBX 1,979.72. Compass Group has a 52-week low of GBX 20.62 ($0.27) and a 52-week high of GBX 2,150 ($28.28). The firm has a market capitalization of $30.97 billion and a PE ratio of 27.93.

Compass Group (LON:CPG) last released its quarterly earnings results on Tuesday, November 26th. The company reported GBX 85.20 ($1.12) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 84.40 ($1.11) by GBX 0.80 ($0.01). Equities research analysts predict that Compass Group will post 8963.8515019 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, February 24th. Stockholders of record on Thursday, January 16th will be paid a dividend of GBX 26.90 ($0.35) per share. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.4%. This is a boost from Compass Group’s previous dividend of $13.10. Compass Group’s dividend payout ratio is currently 0.57%.

In other news, insider Gary Green sold 62,849 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of GBX 1,875 ($24.66), for a total transaction of £1,178,418.75 ($1,550,143.05).

About Compass Group

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also 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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