Compass Group (LON:CPG) Reaches New 1-Year High on Insider Buying Activity

Compass Group PLC (LON:CPGGet Rating) shares hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 1,830 ($22.56) and last traded at GBX 1,826 ($22.51), with a volume of 309903 shares trading hands. The stock had previously closed at GBX 1,808 ($22.29).

Specifically, insider Sundar Raman purchased 5,030 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was bought at an average price of GBX 1,776 ($21.89) per share, with a total value of £89,332.80 ($110,124.26).

CPG has been the subject of several research reports. Shore Capital reissued a “buy” rating on shares of Compass Group in a research note on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Compass Group from GBX 1,750 ($21.57) to GBX 1,825 ($22.50) and gave the company a “hold” rating in a research note on Wednesday, May 11th. Morgan Stanley reissued an “overweight” rating on shares of Compass Group in a research note on Wednesday, May 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,000 ($24.65) price objective on shares of Compass Group in a research note on Friday, February 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Compass Group from GBX 1,950 ($24.04) to GBX 2,050 ($25.27) and gave the company a “neutral” rating in a research note on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Compass Group has a consensus rating of “Buy” and a consensus target price of GBX 1,773.89 ($21.87).

The company has a debt-to-equity ratio of 91.10, a current ratio of 0.95 and a quick ratio of 0.86. The company’s 50-day moving average price is GBX 1,677.86 and its two-hundred day moving average price is GBX 1,646.07. The company has a market capitalization of £31.63 billion and a price-to-earnings ratio of 88.63.

The company also recently disclosed a dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, June 9th will be given a dividend of GBX 9.40 ($0.12) per share. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, June 9th.

About Compass Group (LON:CPG)

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.

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