Compass Group (LON:CPG) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Compass Group (LON:CPG) had its price target raised by Berenberg Bank from GBX 3,000 to GBX 3,100 in a research note issued on Thursday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 30.80% from the company’s current price.

CPG has been the subject of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,000 target price on shares of Compass Group in a report on Friday, October 10th. Royal Bank Of Canada upgraded shares of Compass Group to an “outperform” rating and increased their price objective for the company from GBX 2,700 to GBX 2,775 in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 3,100 target price on shares of Compass Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised Compass Group to a “buy” rating and lifted their price objective for the stock from GBX 2,700 to GBX 2,900 in a report on Thursday, September 11th. Finally, Citigroup upgraded Compass Group to a “buy” rating and boosted their price target for the company from GBX 2,750 to GBX 3,000 in a research note on Thursday, November 27th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 2,979.17.

Compass Group Price Performance

Shares of CPG stock traded up GBX 10 during trading hours on Thursday, reaching GBX 2,370. The stock had a trading volume of 2,573,949 shares, compared to its average volume of 10,682,441. The stock’s fifty day simple moving average is GBX 2,494.84 and its 200 day simple moving average is GBX 2,542.74. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56. The firm has a market capitalization of £40.22 billion, a PE ratio of 27.59, a PEG ratio of 1.42 and a beta of 0.81. Compass Group has a 12 month low of GBX 2,324 and a 12 month high of GBX 2,853.

Insiders Place Their Bets

In related news, insider Leanne Wood acquired 444 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of GBX 2,392 per share, with a total value of £10,620.48. 0.52% of the stock is currently owned by corporate insiders.

About Compass Group

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.