Compass Group (LON:CPG) Reaches New 1-Year High – Still a Buy?

Shares of Compass Group PLC ( LON:CPG – Get Free Report ) hit a new 52-week high during trading on Friday . The company traded as high as GBX 2,789 ($34.58) and last traded at GBX 2,784 ($34.

52), with a volume of 5161919 shares. The stock had previously closed at GBX 2,762 ($34.25).



Analyst Ratings Changes A number of equities analysts have weighed in on CPG shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Compass Group from GBX 2,500 ($31.00) to GBX 2,600 ($32.

24) and gave the company a “hold” rating in a research report on Tuesday, December 10th. Berenberg Bank increased their price target on Compass Group from GBX 2,460 ($30.50) to GBX 2,900 ($35.

96) and gave the company a “buy” rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.

com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,675 ($33.17). Check Out Our Latest Stock Report on CPG Compass Group Stock Up 1.

0 % Compass Group Increases Dividend The company also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, January 16th will be given a $0.39 dividend.

This is a boost from Compass Group’s previous dividend of $0.21. The ex-dividend date is Thursday, January 16th.

This represents a yield of 1.17%. Compass Group’s dividend payout ratio is 5,789.

47%. Insider Buying and Selling at Compass Group In related news, insider Palmer Brown purchased 9,401 shares of the company’s stock in a transaction on Monday, December 16th. The shares were bought at an average cost of GBX 2,656 ($32.

93) per share, for a total transaction of £249,690.56 ($309,597.72).

Also, insider Dominic Blakemore sold 119,821 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of GBX 2,692 ($33.38), for a total transaction of £3,225,581.

32 ($3,999,480.87). 0.

15% of the stock is owned by company insiders. Compass Group Company Profile ( Get Free Report ) 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. Further Reading Five stocks we like better than Compass Group How to Know Which Cryptocurrency to Buy: A Guide for Investors ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains Stock Trading Terms – Stock Terms Every Investor Needs to Know Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead What Are the U.K.

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