Compass Group (LON:CPG) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Compass Group PLC has crossed above its 200-day moving average, with the stock last trading at GBX 2,657.40 ($35.10) and a high of GBX 2,704 ($35.72) during the session.
• Equities analysts have issued mixed ratings, with three hold ratings and three buy ratings, resulting in a consensus rating of "Moderate Buy" and an average price target of GBX 2,770 ($36.59).
• The company, serving in approximately 30 countries and generating annual revenues of $42.2 billion, is a leader in the food service industry, employing around 580,000 people.

Compass Group PLC (LON:CPG - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,607.93 ($34.66) and traded as high as GBX 2,704 ($35.94). Compass Group shares last traded at GBX 2,657.40 ($35.32), with a volume of 3,354,628 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on CPG. Citigroup lifted their price target on shares of Compass Group from GBX 2,650 ($35.22) to GBX 2,750 ($36.55) and gave the company a "neutral" rating in a report on Thursday, July 24th. Berenberg Bank boosted their target price on shares of Compass Group from GBX 2,960 ($39.34) to GBX 3,000 ($39.87) and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Shore Capital reissued a "buy" rating on shares of Compass Group in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Compass Group from GBX 2,625 ($34.89) to GBX 2,700 ($35.89) and gave the company a "sector perform" rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 2,770 ($36.82).

Compass Group Trading Down 0.6%

The company has a market cap of £44.80 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 1.42 and a beta of 0.81. 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 business's 50 day moving average price is GBX 2,561.01 and its 200-day moving average price is GBX 2,606.82.

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.