Citigroup Lowers Compass Group (LON:CPG) Price Target to GBX 2,700

Compass Group (LON:CPG) had its price objective cut by analysts at Citigroup from GBX 2,850 ($37.58) to GBX 2,700 ($35.60) in a report released on Tuesday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 5.35% from the stock’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 2,960 ($39.03) price target on shares of Compass Group in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,692 ($35.50).

Compass Group Stock Performance

Shares of LON:CPG traded up GBX 42 ($0.55) during mid-day trading on Tuesday, reaching GBX 2,563 ($33.79). The company had a trading volume of 17,596,797 shares, compared to its average volume of 11,322,417. The company’s 50-day moving average price is GBX 2,634.44 and its 200-day moving average price is GBX 2,619.83. Compass Group has a one year low of GBX 2,114 ($27.87) and a one year high of GBX 2,853 ($37.62). The firm has a market cap of £43.47 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 1.42 and a beta of 0.81. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56.

Compass Group Company Profile

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.