Compass Group (LON:CPG) Shares Cross Above 200 Day Moving Average - Time to Sell?

Shares of Compass Group PLC (LON:CPG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,556.55 ($34.08) and traded as high as GBX 2,606 ($34.74). Compass Group shares last traded at GBX 2,590 ($34.52), with a volume of 2,421,098 shares traded.

Analyst Upgrades and Downgrades

CPG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and set a GBX 3,000 price objective on shares of Compass Group in a research report on Friday, October 10th. Shore Capital reissued a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Berenberg Bank reissued a "buy" rating and set a GBX 3,000 price objective on shares of Compass Group in a research report on Tuesday. Citigroup raised 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 research report on Thursday, July 24th. Finally, Royal Bank Of Canada raised 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 research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,870.

Compass Group Stock Performance

The company's 50-day simple moving average is GBX 2,545.90 and its 200 day simple moving average is GBX 2,556.55. The company has a current ratio of 0.74, a quick ratio of 0.86 and a debt-to-equity ratio of 86.56. The stock has a market cap of £44.31 billion, a P/E ratio of 30.40, a PEG 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 $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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