Compass Group (LON:CPG) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Compass Group PLC (LON:CPG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,555.54 ($34.26) and traded as high as GBX 2,570 ($34.45). Compass Group shares last traded at GBX 2,527 ($33.87), with a volume of 1,486,468 shares changing hands.

Wall Street Analyst Weigh In

CPG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Compass Group to a “buy” rating and raised their price target for the company from GBX 2,700 to GBX 2,900 in a report on Thursday, September 11th. Royal Bank Of Canada boosted their price objective on Compass Group from GBX 2,625 to GBX 2,700 and gave the company a “sector perform” rating in a report on Thursday, July 24th. Berenberg Bank upped their target price on Compass Group from GBX 2,960 to GBX 3,000 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Shore Capital reiterated a “buy” rating on shares of Compass Group in a report on Tuesday, July 22nd. Finally, Citigroup boosted their price target on Compass Group from GBX 2,650 to GBX 2,750 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,870.

Compass Group Stock Performance

The firm has a fifty day moving average of GBX 2,549.52 and a 200 day moving average of GBX 2,555.54. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86. The stock has a market cap of £42.89 billion, a price-to-earnings ratio of 2,941.79, a PEG ratio of 1.42 and a beta of 0.81.

Compass Group Company Profile

Compass Group PLC is a world leading food service company, which generated annual revenues of $42.2 billion in the year to 30 September 2024. It serves meals to millions of people in c. 30 countries and employs and engages with c. 580,000 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.