JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Compass Group (LON:CPG)

Compass Group (LON:CPG)‘s stock had its “overweight” rating reissued by equities researchers at JPMorgan Chase & Co. in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 3,100 price objective on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 33.22% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada raised shares of Compass Group to an “outperform” rating and upped their price target for the company from GBX 2,700 to GBX 2,775 in a report on Monday. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,000 target price on shares of Compass Group in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised Compass Group to a “buy” rating and upped their price target for the company from GBX 2,700 to GBX 2,900 in a research report on Thursday, September 11th. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 target price on shares of Compass Group in a report on Tuesday, October 21st. Finally, Citigroup upgraded shares of Compass Group to a “buy” rating and boosted their price objective for the stock from GBX 2,750 to GBX 3,000 in a report on Thursday, November 27th. Seven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 2,962.50.

Compass Group Stock Down 0.4%

Shares of CPG stock traded down GBX 9 on Tuesday, hitting GBX 2,327. The stock had a trading volume of 4,341,990 shares, compared to its average volume of 10,743,019. The stock’s 50 day moving average is GBX 2,499.86 and its 200-day moving average is GBX 2,545.54. The firm has a market capitalization of £39.49 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a 52-week low of GBX 2,324 and a 52-week high of GBX 2,853. The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74.

Insider Buying and Selling at Compass Group

In related news, insider Leanne Wood acquired 444 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of GBX 2,392 per share, for a total transaction of £10,620.48. 0.52% of the stock is currently owned by corporate insiders.

About Compass Group

Compass Group PLC is a world leading food service company, which generated annual revenues of $42.2 billion in the year to 30 September 2024. It serves meals to millions of people in c. 30 countries and employs and engages with c. 580,000 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.