Compass Group (LON:CPG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

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 2,575.21 ($32.64) and traded as high as GBX 2,800 ($35.49). Compass Group shares last traded at GBX 2,781 ($35.25), with a volume of 1,975,624 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 2,960 ($37.52) price target on shares of Compass Group in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price target on Compass Group from GBX 2,500 ($31.69) to GBX 2,600 ($32.95) and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,690 ($34.09).

Compass Group Stock Up 0.6 %

The firm has a fifty day moving average price of GBX 2,720.96 and a 200-day moving average price of GBX 2,575.21. The company has a quick ratio of 0.86, a current ratio of 0.74 and a debt-to-equity ratio of 86.56. The firm has a market cap of £47.47 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.39 per share. This is a boost from Compass Group’s previous dividend of $0.21. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.17%. Compass Group’s dividend payout ratio (DPR) is 55.33%.

Insider Transactions at Compass Group

In other news, insider Palmer Brown bought 9,401 shares of Compass Group stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of GBX 2,656 ($33.66) per share, for a total transaction of £249,690.56 ($316,464.59). Insiders own 0.15% of the company’s stock.

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.