Compass Group (LON:CPG) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Compass Group PLC (LON:CPG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,466.36 ($30.01) and traded as high as GBX 2,700 ($32.85). Compass Group shares last traded at GBX 2,675 ($32.55), with a volume of 2,215,306 shares.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Berenberg Bank lifted their price target on shares of Compass Group from GBX 2,460 ($29.93) to GBX 2,900 ($35.28) and gave the company a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Compass Group from GBX 2,500 ($30.42) to GBX 2,600 ($31.63) and gave the company a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Compass Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,675 ($32.55).

Compass Group Stock Performance

The firm has a market cap of £45.48 billion, a price-to-earnings ratio of 3,519.74, a PEG ratio of 1.42 and a beta of 0.81. The stock’s fifty day moving average is GBX 2,663.86 and its two-hundred day moving average is GBX 2,468.04. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78.

Compass Group Increases Dividend

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

Insider Transactions at Compass Group

In related news, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($32.75), for a total transaction of £3,225,581.32 ($3,924,542.30). Also, insider Palmer Brown bought 9,401 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of GBX 2,656 ($32.32) per share, for a total transaction of £249,690.56 ($303,796.76). Insiders own 0.15% of the company’s stock.

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.