Compass Group (LON:CPG) Stock Price Expected to Rise, Citigroup Analyst Says

Compass Group (LON:CPG - Free Report) had its target price increased by Citigroup from GBX 2,650 ($35.61) to GBX 2,750 ($36.96) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

Other analysts have also issued reports about the stock. Shore Capital restated a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Berenberg Bank boosted their target price on shares of Compass Group from GBX 2,960 ($39.78) to GBX 3,000 ($40.32) and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Compass Group from GBX 2,625 ($35.28) to GBX 2,700 ($36.29) and gave the stock a "sector perform" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,770 ($37.23).

Compass Group Stock Performance

LON CPG traded down GBX 12 ($0.16) during trading hours on Thursday, hitting GBX 2,627 ($35.30). 4,422,257 shares of the company's stock traded hands, compared to its average volume of 7,219,969. The business's fifty day moving average price is GBX 2,565.14 and its two-hundred day moving average price is GBX 2,609.10. 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 firm has a market capitalization of £44.56 billion, a P/E ratio of 33.03, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a 52 week low of GBX 2,301 ($30.92) and a 52 week high of GBX 2,853 ($38.34).

Compass Group Company Profile

Compass Group PLC is a world leading food service company, which generated annual revenues of £31.3 billion in the year to 30 September 2023. It serves meals to millions of people in c. 35 countries and employs and engages with c. 550,000 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.