Compass Group (OTCMKTS:CMPGY) Shares Gap Up – Should You Buy?

Compass Group PLC (OTCMKTS:CMPGY)’s share price 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.

Analysts Set New Price Targets

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 given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average target price of $36.00.

Compass Group Trading Up 1.8%

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

About Compass Group

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.