Compass Group (LON:CPG) had its price objective increased by Berenberg Bank from GBX 2,050 ($26.97) to GBX 2,200 ($28.94) in a research report report published on Friday morning, Stock Target Advisor reports. Berenberg Bank currently has a buy rating on the stock.
CPG has been the topic of several other reports. BNP Paribas downgraded Compass Group to an underperform rating in a research note on Wednesday, December 11th. Barclays reiterated an equal weight rating and set a GBX 2,000 ($26.31) target price on shares of Compass Group in a research note on Thursday, October 10th. Goldman Sachs Group cut their target price on Compass Group from GBX 1,890 ($24.86) to GBX 1,700 ($22.36) and set a sell rating on the stock in a research note on Friday, November 29th. Liberum Capital downgraded Compass Group to a hold rating and cut their target price for the company from GBX 2,240 ($29.47) to GBX 2,000 ($26.31) in a research note on Wednesday, November 27th. Finally, Shore Capital reiterated a hold rating on shares of Compass Group in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,915 ($25.19).
Shares of CPG opened at GBX 1,935 ($25.45) on Friday. The business’s fifty day simple moving average is GBX 1,887.94 and its two-hundred day simple moving average is GBX 1,983.01. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 115.32. Compass Group has a 12 month low of GBX 20.62 ($0.27) and a 12 month high of GBX 2,150 ($28.28). The company has a market cap of $30.73 billion and a price-to-earnings ratio of 27.68.
The company also recently declared a dividend, which will be paid on Monday, February 24th. Stockholders of record on Thursday, January 16th will be issued a dividend of GBX 26.90 ($0.35) per share. This represents a dividend yield of 1.4%. This is a boost from Compass Group’s previous dividend of $13.10. The ex-dividend date is Thursday, January 16th. Compass Group’s dividend payout ratio is presently 0.57%.
In other news, insider Gary Green sold 62,849 shares of the stock in a transaction on Thursday, November 28th. The stock was sold at an average price of GBX 1,875 ($24.66), for a total transaction of £1,178,418.75 ($1,550,143.05).
About Compass Group
Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also 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.
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