Compass Group plc (CPG) Trading Up 0% on Analyst Upgrade

Compass Group plc (LON:CPG) shares were up 0% on Monday after Credit Suisse Group raised their price target on the stock from GBX 1,870 to GBX 1,880. Credit Suisse Group currently has an outperform rating on the stock. Compass Group plc traded as high as GBX 1,630 ($21.44) and last traded at GBX 1,644 ($21.62). Approximately 3,565,134 shares traded hands during trading, an increase of 27% from the average daily volume of 2,800,000 shares. The stock had previously closed at GBX 1,644 ($21.62).

Several other research analysts have also recently weighed in on CPG. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,700 ($22.36) price objective on shares of Compass Group plc in a research report on Monday, July 17th. Shore Capital reissued a “hold” rating on shares of Compass Group plc in a research report on Wednesday, July 26th. Liberum Capital reissued a “buy” rating and set a GBX 1,850 ($24.33) price target on shares of Compass Group plc in a research report on Wednesday, July 26th. Canaccord Genuity increased their price target on Compass Group plc from GBX 1,550 ($20.39) to GBX 1,630 ($21.44) and gave the company a “hold” rating in a research report on Thursday, July 27th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 1,620 ($21.31) price target on shares of Compass Group plc in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,645.12 ($21.64).

In related news, insider Paul Walsh acquired 10,000 shares of the stock in a transaction on Thursday, September 21st. The shares were purchased at an average price of GBX 1,571 ($20.66) per share, for a total transaction of £157,100 ($206,628.96).

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Compass Group plc Company Profile

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.

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