Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Compass Group (LON:CPG) Stock Price

Compass Group (LON:CPG) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 2,500 ($31.94) to GBX 2,600 ($33.22) in a research report sent to investors on Tuesday,London Stock Exchange reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Separately, JPMorgan Chase & Co. lifted their target price on Compass Group from GBX 2,600 ($33.22) to GBX 2,800 ($35.77) and gave the company an “overweight” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,600 ($33.22).

Compass Group Price Performance

CPG traded up GBX 28 ($0.36) on Tuesday, hitting GBX 2,709 ($34.61). 6,217,597 shares of the company’s stock traded hands, compared to its average volume of 4,896,749. The company’s 50 day simple moving average is GBX 2,556.34 and its 200-day simple moving average is GBX 2,381.30. The firm has a market cap of £46.05 billion, a price-to-earnings ratio of 3,564.47, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a one year low of GBX 2,062 ($26.34) and a one year high of GBX 2,786 ($35.59). The company has a current ratio of 0.78, a quick ratio of 0.86 and a debt-to-equity ratio of 89.31.

Compass Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.39 per share. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from Compass Group’s previous dividend of $0.21. Compass Group’s dividend payout ratio (DPR) is currently 5,789.47%.

Insider Buying and Selling at Compass Group

In other news, insider Dominic Blakemore sold 119,821 shares of Compass Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($34.39), for a total value of £3,225,581.32 ($4,121,095.34). 0.15% of the stock is currently owned by company insiders.

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.