Compass Group (LON:CPG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Compass Group's stock surpassed its 200-day moving average with a high of GBX 2,619 ($35.23) during recent trading, indicating potential positive momentum.
• Equities analysts have raised their price targets for Compass Group, with estimates ranging from GBX 2,700 to GBX 3,000, reflecting a consensus rating of "Moderate Buy."
• The company reported a market capitalization of £43.58 billion and generated annual revenues of $42.2 billion, operating in various sectors including Business & Industry and Healthcare.

Compass Group PLC (LON:CPG - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,592.06 ($34.87) and traded as high as GBX 2,619 ($35.23). Compass Group shares last traded at GBX 2,617 ($35.21), with a volume of 1,953,435 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPG shares. Berenberg Bank raised their price target on shares of Compass Group from GBX 2,960 to GBX 3,000 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Citigroup lifted their price target on shares of Compass Group from GBX 2,650 to GBX 2,750 and gave the company a "neutral" rating in a report on Thursday, July 24th. Royal Bank Of Canada lifted their price target on shares of Compass Group from GBX 2,625 to GBX 2,700 and gave the company a "sector perform" rating in a report on Thursday, July 24th. Finally, Shore Capital reiterated a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 2,770.

Compass Group Stock Performance

The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74. The stock has a market cap of £43.58 billion, a P/E ratio of 32.31, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company's 50 day moving average price is GBX 2,560.60 and its 200-day moving average price is GBX 2,592.06.

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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