Compass Group PLC (LON:CPG) Receives GBX 2,600 Consensus Target Price from Brokerages

Compass Group PLC (LON:CPG) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,675 ($33.62).

Several research firms have recently weighed in on CPG. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Compass Group from GBX 2,500 ($31.42) to GBX 2,600 ($32.68) and gave the company a “hold” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of Compass Group from GBX 2,600 ($32.68) to GBX 2,800 ($35.19) and gave the company an “overweight” rating in a report on Wednesday, September 11th. Finally, Berenberg Bank raised their target price on Compass Group from GBX 2,460 ($30.92) to GBX 2,900 ($36.45) and gave the company a “buy” rating in a research note on Friday, December 13th.

Insiders Place Their Bets

In related news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.83), for a total transaction of £3,225,581.32 ($4,053,765.64). Also, insider Palmer Brown acquired 9,401 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of GBX 2,656 ($33.38) per share, with a total value of £249,690.56 ($313,799.87). Insiders own 0.15% of the company’s stock.

Compass Group Trading Up 0.1 %

Shares of CPG stock opened at GBX 2,648 ($33.28) on Monday. Compass Group has a fifty-two week low of GBX 2,095 ($26.33) and a fifty-two week high of GBX 2,786 ($35.01). The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a 50 day simple moving average of GBX 2,595.47 and a two-hundred day simple moving average of GBX 2,402.84. The company has a market cap of £45.02 billion, a P/E ratio of 3,484.21, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

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

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.