Compass Group (LON:CPG) Raised to Buy at Deutsche Bank Aktiengesellschaft

Key Points

• Compass Group has been upgraded to a "buy" rating by Deutsche Bank, with a new price target of GBX 2,900, indicating a potential upside of about 10.88% from its previous close.
• A consensus rating of "Moderate Buy" has been established for Compass Group, with four analysts recommending a "buy" and two issuing a "hold" rating.
• The company operates in about 30 countries and generated annual revenues of $42.2 billion for the year ending September 30, 2024.

Compass Group (LON:CPG - Get Free Report) was upgraded by Deutsche Bank Aktiengesellschaft to a "buy" rating in a report issued on Thursday,Digital Look reports. The firm presently has a GBX 2,900 price target on the stock, up from their prior price target of GBX 2,700. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 10.88% from the stock's previous close.

A number of other equities analysts have also weighed in on the stock. Shore Capital reiterated a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on shares of Compass Group from GBX 2,625 to GBX 2,700 and gave the company a "sector perform" rating in a research report on Thursday, July 24th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,000 price objective on shares of Compass Group in a research report on Thursday. Citigroup lifted their price objective on shares of Compass Group from GBX 2,650 to GBX 2,750 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Berenberg Bank lifted their price objective on shares of Compass Group from GBX 2,960 to GBX 3,000 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,870.

Compass Group Stock Performance

LON:CPG opened at GBX 2,615.34 on Thursday. The firm's fifty day moving average price is GBX 2,571.74 and its 200 day moving average price is GBX 2,572.64. Compass Group has a 1-year low of GBX 2,344 and a 1-year high of GBX 2,853. The company has a debt-to-equity ratio of 86.56, a current ratio of 0.74 and a quick ratio of 0.86. The firm has a market cap of £44.39 billion, a price-to-earnings ratio of 3,044.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81.

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.

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