Compass Group PLC (LON:CPG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Compass Group PLC (LON:CPG) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,690 ($35.47).

CPG has been the subject of several recent analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 2,960 ($39.03) price objective on shares of Compass Group in a research report on Thursday, February 6th. Citigroup decreased their target price on Compass Group from GBX 2,850 ($37.58) to GBX 2,700 ($35.60) and set a “neutral” rating on the stock in a research note on Tuesday.

Compass Group Price Performance

Shares of CPG stock traded up GBX 31.16 ($0.41) during trading hours on Tuesday, reaching GBX 2,552.16 ($33.65). The company had a trading volume of 2,030,570 shares, compared to its average volume of 11,112,063. The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. The stock has a fifty day moving average of GBX 2,634.44 and a 200-day moving average of GBX 2,619.83. The company has a market capitalization of £43.29 billion, a price-to-earnings ratio of 32.09, a PEG ratio of 1.42 and a beta of 0.81. Compass Group has a 12-month low of GBX 2,114 ($27.87) and a 12-month high of GBX 2,853 ($37.62).

Compass Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.63 per share. This is a boost from Compass Group’s previous dividend of $0.39. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, April 3rd. Compass Group’s dividend payout ratio is currently 55.33%.

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.