Compass Group (LON:CPG) Shares Pass Above 200-Day Moving Average - What's Next?

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.

Shares of Compass Group PLC (LON:CPG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,607.93 ($34.63) and traded as high as GBX 2,704 ($35.90). Compass Group shares last traded at GBX 2,657.40 ($35.29), with a volume of 3,354,628 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPG shares. Citigroup upped their price objective on shares of Compass Group from GBX 2,650 ($35.19) to GBX 2,750 ($36.52) and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Shore Capital restated a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Royal Bank Of Canada upped their price target on Compass Group from GBX 2,625 ($34.86) to GBX 2,700 ($35.85) and gave the company a "sector perform" rating in a research report on Thursday, July 24th. Finally, Berenberg Bank increased their price objective on Compass Group from GBX 2,960 ($39.30) to GBX 3,000 ($39.84) and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,770 ($36.78).

Compass Group Stock Performance

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 company has a market capitalization of £44.97 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.42 and a beta of 0.81. The stock has a 50 day simple moving average of GBX 2,561.74 and a two-hundred day simple moving average of GBX 2,607.43.

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.