Compass Group's (CPG) "Buy" Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reiterated a "buy" rating for Compass Group with a target price of GBX 3,000, indicating a potential upside of 15.12% from its last close.
• Several investment firms have given Compass Group a "buy" rating, with a consensus rating of "Moderate Buy" and an average price target of GBX 2,870.
• Compass Group's stock traded up by 1.2%, reaching GBX 2,606, and the company has a market cap of £44.23 billion.

Compass Group (LON:CPG - Get Free Report)'s stock had its "buy" rating reissued by Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 3,000 price target on the stock. Berenberg Bank's target price points to a potential upside of 15.12% from the stock's previous close.

Several other research firms have also weighed in on CPG. Deutsche Bank Aktiengesellschaft upgraded Compass Group to a "buy" rating and lifted their target price for the stock from GBX 2,700 to GBX 2,900 in a report on Thursday, September 11th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 3,000 target price on shares of Compass Group in a report on Friday, October 10th. Citigroup boosted their price target on Compass Group from GBX 2,650 to GBX 2,750 and gave the company a "neutral" rating in a report on Thursday, July 24th. Shore Capital reaffirmed a "buy" rating on shares of Compass Group in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their target price on Compass Group from GBX 2,625 to GBX 2,700 and gave the company a "sector perform" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,870.

Compass Group Trading Up 1.2%

LON:CPG traded up GBX 31 during mid-day trading on Tuesday, hitting GBX 2,606. The company had a trading volume of 23,113,582 shares, compared to its average volume of 8,051,629. The firm has a market cap of £44.23 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.42 and a beta of 0.81. Compass Group has a fifty-two week low of GBX 2,344 and a fifty-two week high of GBX 2,853. The business's fifty day moving average is GBX 2,544.68 and its two-hundred day moving average is GBX 2,554.41. The company has a debt-to-equity ratio of 86.56, a quick ratio of 0.86 and a current ratio of 0.74.

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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