Compass Group (LON:CPG) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Compass Group (LON:CPG) in a research note released on Thursday, MarketBeat reports. The brokerage currently has a GBX 2,960 ($36.81) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Compass Group from GBX 2,500 ($31.09) to GBX 2,600 ($32.33) and gave the stock a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,690 ($33.45).

Compass Group Trading Up 1.0 %

LON CPG traded up GBX 27.02 ($0.34) during trading hours on Thursday, hitting GBX 2,761.02 ($34.34). The company’s stock had a trading volume of 4,818,601 shares, compared to its average volume of 3,989,058. The stock has a fifty day moving average of GBX 2,695.56 and a 200 day moving average of GBX 2,520.08. Compass Group has a twelve month low of GBX 2,114 ($26.29) and a twelve month high of GBX 2,805 ($34.88). The firm has a market capitalization of £46.94 billion, a P/E ratio of 3,632.93, a PEG ratio of 1.42 and a beta of 0.81. 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 firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be paid a $0.39 dividend. This is a boost from Compass Group’s previous dividend of $0.21. The ex-dividend date of this dividend is Thursday, January 16th. This represents a yield of 1.17%. Compass Group’s payout ratio is 5,789.47%.

Insider Buying and Selling at Compass Group

In other news, insider Palmer Brown purchased 9,401 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($33.03) per share, for a total transaction of £249,690.56 ($310,521.78). 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 ($33.48), for a total transaction of £3,225,581.32 ($4,011,418.13). 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.