Compass Group (CPG) Given Outperform Rating at Credit Suisse Group

Compass Group (LON:CPG)‘s stock had its “outperform” rating reiterated by Credit Suisse Group in a report released on Monday. They currently have a GBX 1,850 ($25.09) price target on the stock. Credit Suisse Group’s price target would indicate a potential upside of 20.92% from the stock’s current price.

Several other equities research analysts also recently commented on CPG. Royal Bank of Canada raised shares of Compass Group to an “outperform” rating and boosted their target price for the stock from GBX 1,530 ($20.75) to GBX 1,750 ($23.73) in a research report on Friday, October 27th. Liberum Capital reissued a “buy” rating and set a GBX 1,850 ($25.09) target price on shares of Compass Group in a research report on Tuesday, November 21st. Panmure Gordon reissued a “hold” rating and set a GBX 1,560 ($21.16) target price on shares of Compass Group in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,745 ($23.66) target price on shares of Compass Group in a research report on Wednesday, November 22nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 1,800 ($24.41) target price on shares of Compass Group in a research report on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Compass Group currently has a consensus rating of “Hold” and a consensus price target of GBX 1,684.19 ($22.84).

Compass Group (CPG) traded down GBX 151.83 ($2.06) on Monday, reaching GBX 1,530 ($20.75). 4,331,156 shares of the company’s stock traded hands, compared to its average volume of 3,370,000. Compass Group has a 12-month low of GBX 1,370 ($18.58) and a 12-month high of GBX 1,698 ($23.03). The company has a market capitalization of $24,260.00 and a P/E ratio of 2,154.93.

Compass Group (LON:CPG) last posted its quarterly earnings results on Tuesday, November 21st. The company reported GBX 72.30 ($0.98) earnings per share for the quarter, beating the consensus estimate of GBX 71.90 ($0.98) by GBX 0.40 ($0.01). Compass Group had a net margin of 4.95% and a return on equity of 44.47%. The firm had revenue of GBX 2,256.80 billion during the quarter.

In related news, insider Mark White sold 17,386 shares of the company’s stock in a transaction that occurred on Thursday, November 23rd. The shares were sold at an average price of GBX 1,520 ($20.61), for a total transaction of £264,267.20 ($358,377.00).

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About Compass Group

Compass Group PLC provides food and support services. The Company’s segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.

Analyst Recommendations for Compass Group (LON:CPG)

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