Compass Group (OTCMKTS:CMPGY) Shares Gap Up – What’s Next?

Shares of Compass Group PLC (OTCMKTS:CMPGY – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $29.73, but opened at $30.55. Compass Group shares last traded at $30.4235, with a volume of 3,498 shares trading hands.

Wall Street Analyst Weigh In

Separately, Compass Point set a $36.00 target price on shares of Compass Group in a report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of $36.00.

Read Our Latest Report on Compass Group

Compass Group Stock Performance

The firm has a 50 day simple moving average of $31.01 and a 200-day simple moving average of $30.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.70 and a quick ratio of 0.63.

Compass Group Company Profile

(Get Free Report)

Compass Group plc is a United Kingdom-based provider of foodservice and support services. The company designs, prepares and serves meals and refreshments for organizations and institutions, while also offering related services such as facilities management, workplace hospitality, vending and catering support.

Compass Group serves a broad range of markets, including business and industry, healthcare, education, sports and leisure venues, defense, and remote or offshore locations. Its operations are conducted through a portfolio of regional and sector-focused brands, including Eurest, Chartwells, Levy, Restaurant Associates, Bon Appétit and Medirest.

The company traces its origins to 1941, when it was established as Factory Canteens in the United Kingdom.

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