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

Compass Group PLC (LON:CPG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,337.25 ($29.66) and traded as high as GBX 2,634 ($33.43). Compass Group shares last traded at GBX 2,618.97 ($33.24), with a volume of 2,523,809 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their target price on Compass Group from GBX 2,600 ($32.99) to GBX 2,800 ($35.53) and gave the stock an “overweight” rating in a report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 2,600 ($32.99).

Compass Group Stock Down 0.1 %

The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The company has a market cap of £44.66 billion, a price-to-earnings ratio of 3,446.01, a P/E/G ratio of 1.42 and a beta of 0.81. The stock has a fifty day moving average price of GBX 2,487.39 and a two-hundred day moving average price of GBX 2,337.25.

Compass Group Company Profile

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.