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

Compass Group PLC (LON:CPG) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,692 ($35.79).

A number of research firms have recently issued reports on CPG. Berenberg Bank restated a “buy” rating and set a GBX 2,960 ($39.36) price objective on shares of Compass Group in a research report on Thursday, February 6th. Citigroup dropped their price objective on shares of Compass Group from GBX 2,850 ($37.89) to GBX 2,700 ($35.90) and set a “neutral” rating for the company in a research note on Tuesday, April 15th.

Compass Group Trading Up 0.6 %

Shares of CPG opened at GBX 2,552 ($33.93) on Tuesday. The stock’s 50-day moving average price is GBX 2,617.40 and its 200 day moving average price is GBX 2,622.15. 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 capitalization of £43.29 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a 12-month low of GBX 2,114 ($28.11) and a 12-month high of GBX 2,853 ($37.93).

Compass Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.63 per share. This is a positive change from Compass Group’s previous dividend of $0.39. This represents a yield of 0.77%. The ex-dividend date was Thursday, April 3rd. Compass Group’s dividend payout ratio is currently 55.33%.

About Compass Group

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.