Royal Bank Of Canada Issues Positive Forecast for Compass Group (LON:CPG) Stock Price

Compass Group (LON:CPG - Get Free Report) had its price target increased by Royal Bank Of Canada from GBX 2,625 ($35.28) to GBX 2,700 ($36.29) in a research note issued on Thursday, MarketBeat reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 2.78% from the company's current price.

A number of other brokerages also recently weighed in on CPG. Citigroup dropped their price objective on Compass Group from GBX 2,850 ($38.30) to GBX 2,700 ($36.29) and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Shore Capital restated a "buy" rating on shares of Compass Group in a research report on Tuesday. Finally, Berenberg Bank boosted their price target on Compass Group from GBX 2,960 ($39.78) to GBX 3,000 ($40.32) and gave the stock a "buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 2,770 ($37.23).

Compass Group Stock Performance

Shares of CPG stock traded down GBX 12 ($0.16) during trading hours on Thursday, reaching GBX 2,627 ($35.30). 4,422,257 shares of the company traded hands, compared to its average volume of 7,219,969. The firm has a 50-day moving average price of GBX 2,565.14 and a 200 day moving average price of GBX 2,609.47. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86. Compass Group has a 12-month low of GBX 2,301 ($30.92) and a 12-month high of GBX 2,853 ($38.34). The company has a market cap of £44.56 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.42 and a beta of 0.81.

Compass Group Company Profile

Compass Group PLC is a world leading food service company, which generated annual revenues of £31.3 billion in the year to 30 September 2023. It serves meals to millions of people in c. 35 countries and employs and engages with c. 550,000 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.