Compass Group PLC (LON:CPG - Get Free Report) insider Palmer Brown bought 9,401 shares of the business's stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of GBX 2,656 ($33.77) per share, for a total transaction of £249,690.56 ($317,430.16).
Compass Group Stock Up 0.6 %
LON:CPG opened at GBX 2,672 ($33.97) on Wednesday. The business's fifty day moving average price is GBX 2,581.12 and its 200 day moving average price is GBX 2,395.17. The firm has a market capitalization of £45.42 billion, a price-to-earnings ratio of 3,515.79, a PEG ratio of 1.42 and a beta of 0.81. 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 PLC has a 1-year low of GBX 2,069 ($26.30) and a 1-year high of GBX 2,786 ($35.42).
Compass Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be issued a $0.39 dividend. This is an increase from Compass Group's previous dividend of $0.21. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 1.17%. Compass Group's dividend payout ratio is currently 5,789.47%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Berenberg Bank lifted their price target on Compass Group from GBX 2,460 ($31.27) to GBX 2,900 ($36.87) and gave the stock a "buy" rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Compass Group from GBX 2,500 ($31.78) to GBX 2,600 ($33.05) and gave the stock a "hold" rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Compass Group from GBX 2,600 ($33.05) to GBX 2,800 ($35.60) and gave the company an "overweight" rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,675 ($34.01).
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About Compass Group
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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.
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