Compass Group plc (CPG) Receives “Buy” Rating from Canaccord Genuity
Compass Group plc (LON:CPG)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a report released on Tuesday. They presently have a GBX 1,620 ($20.24) price target on the stock. Canaccord Genuity’s price target would indicate a potential upside of 16.46% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,595 ($19.93) price target on shares of Compass Group plc in a report on Monday. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,400 ($17.49) price target on shares of Compass Group plc in a report on Tuesday. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 1,450 ($18.12) price target on shares of Compass Group plc in a report on Tuesday. Bryan, Garnier & Co reaffirmed a “neutral” rating on shares of Compass Group plc in a report on Tuesday. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 1,575 ($19.68) price target on shares of Compass Group plc in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Compass Group plc presently has a consensus rating of “Hold” and an average price target of GBX 1,357.60 ($16.96).
Compass Group plc (LON:CPG) opened at 1349.00 on Tuesday. The company’s 50-day moving average price is GBX 1,445.56 and its 200 day moving average price is GBX 1,410.17. The company’s market capitalization is GBX 22.19 billion. Compass Group plc has a 12 month low of GBX 1,061.00 and a 12 month high of GBX 1,559.00.
In related news, insider Ireena Vittal purchased 1,863 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was bought at an average cost of GBX 1,491 ($18.63) per share, with a total value of £27,777.33 ($34,704.31). Also, insider Bomhard ,Stefan purchased 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average cost of GBX 1,486 ($18.57) per share, with a total value of £90,646 ($113,250.87).
About Compass Group plc
Compass Group PLC provides food and support services. The Company’s segments include North America, Europe & Japan, and Fast Growing & Emerging. It provides breakfasts, lunches and dinners, and also offers hospitality services. The Company offers a range of soft support services, including cleaning, reception and some building maintenance.
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