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

Compass Group PLC (LON:CPG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,337.25 ($29.43) and traded as high as GBX 2,634 ($33.16). Compass Group shares last traded at GBX 2,618.97 ($32.97), with a volume of 2,523,809 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of Compass Group from GBX 2,600 ($32.73) to GBX 2,800 ($35.25) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 2,600 ($32.73).

Compass Group Price Performance

The firm has a market capitalization of £44.61 billion, a P/E ratio of 3,439.47, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. 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 business has a 50 day simple moving average of GBX 2,495.72 and a two-hundred day simple moving average of GBX 2,342.73.

About Compass Group

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company 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.