Several other equities research analysts have also commented on the stock. Beaufort Securities lowered shares of Compass Group to a hold rating and cut their price target for the stock from GBX 1,700 ($22.88) to GBX 1,650 ($22.21) in a report on Wednesday, November 22nd. Berenberg Bank reissued a buy rating and issued a GBX 1,800 ($24.23) price target on shares of Compass Group in a report on Wednesday, November 22nd. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 1,745 ($23.49) target price on shares of Compass Group in a report on Wednesday, November 22nd. Panmure Gordon reaffirmed a hold rating and set a GBX 1,560 ($21.00) target price on shares of Compass Group in a report on Tuesday, November 21st. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 1,850 ($24.90) target price on shares of Compass Group in a report on Tuesday, November 21st. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,683.56 ($22.66).
Shares of Compass Group (LON CPG) traded down GBX 190.83 ($2.57) during trading on Wednesday, hitting GBX 1,491 ($20.07). 4,712,059 shares of the stock were exchanged, compared to its average volume of 4,150,000. Compass Group has a 52-week low of GBX 1,333 ($17.94) and a 52-week high of GBX 1,698 ($22.85).
Compass Group (LON:CPG) last announced its quarterly earnings data on Tuesday, November 21st. The company reported GBX 72.30 ($0.97) EPS for the quarter, beating the consensus estimate of GBX 71.90 ($0.97) by GBX 0.40 ($0.01). Compass Group had a net margin of 5.42% and a return on equity of 46.40%. The business had revenue of GBX 2,256.80 billion during the quarter.
The company also recently announced a dividend, which will be paid on Monday, February 26th. Investors of record on Thursday, January 18th will be paid a dividend of GBX 22.30 ($0.30) per share. The ex-dividend date is Thursday, January 18th. This represents a dividend yield of 1.48%.
In related news, insider Mark White sold 17,386 shares of the company’s stock in a transaction that occurred on Thursday, November 23rd. The shares were sold at an average price of GBX 1,520 ($20.46), for a total transaction of £264,267.20 ($355,675.91). Also, insider Paul Walsh bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average price of GBX 1,571 ($21.14) per share, for a total transaction of £157,100 ($211,440.11).
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About Compass Group
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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