Berenberg Bank Issues Positive Forecast for Compass Group (LON:CPG) Stock Price

Compass Group (LON:CPG) had its target price boosted by Berenberg Bank from GBX 2,460 ($31.06) to GBX 2,900 ($36.62) in a research report sent to investors on Friday morning,Digital Look reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Compass Group from GBX 2,600 ($32.83) to GBX 2,800 ($35.35) and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Compass Group from GBX 2,500 ($31.57) to GBX 2,600 ($32.83) and gave the company a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 2,675 ($33.78).

Compass Group Price Performance

Shares of CPG traded down GBX 5.16 ($0.07) during midday trading on Friday, hitting GBX 2,655 ($33.52). 12,144,218 shares of the company traded hands, compared to its average volume of 4,913,254. Compass Group has a one year low of GBX 2,069 ($26.12) and a one year high of GBX 2,786 ($35.18). The firm has a market cap of £45.14 billion, a P/E ratio of 3,493.42, a PEG ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86. The stock has a 50-day moving average of GBX 2,571.26 and a 200-day moving average of GBX 2,390.42.

Compass Group Increases Dividend

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

Insider Activity at Compass Group

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.99), for a total transaction of £3,225,581.32 ($4,072,703.69). 0.15% of the stock is currently owned by insiders.

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.