Compass Group (LON:CPG) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Compass Group PLC (LON:CPG) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,486.65 ($30.94) and traded as high as GBX 2,709 ($33.71). Compass Group shares last traded at GBX 2,704 ($33.64), with a volume of 404,036,250 shares changing hands.

Analysts Set New Price Targets

CPG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Compass Group from GBX 2,500 ($31.11) to GBX 2,600 ($32.35) and gave the company a “hold” rating in a report on Tuesday, December 10th. Berenberg Bank lifted their price target on Compass Group from GBX 2,460 ($30.61) to GBX 2,900 ($36.08) and gave the company a “buy” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,675 ($33.28).

Compass Group Trading Up 0.1 %

The company has a market cap of £45.97 billion, a P/E ratio of 3,557.89, a PEG ratio of 1.42 and a beta of 0.81. The firm’s 50 day moving average is GBX 2,672.66 and its two-hundred day moving average is GBX 2,486.65. 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 declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be given a $0.39 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, January 16th. This is a positive change from Compass Group’s previous dividend of $0.21. Compass Group’s payout ratio is 5,789.47%.

Insider Activity

In other news, insider Palmer Brown bought 9,401 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of GBX 2,656 ($33.05) per share, with a total value of £249,690.56 ($310,676.32). 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 ($33.50), for a total transaction of £3,225,581.32 ($4,013,414.61). Insiders own 0.15% of the company’s stock.

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.