Societe Generale Trims Compass Group plc (CPG) Target Price to GBX 1,240
Compass Group plc (LON:CPG) had its price target lowered by research analysts at Societe Generale from GBX 1,290 ($16.12) to GBX 1,240 ($15.49) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “sell” rating on the stock. Societe Generale’s price target would suggest a potential downside of 6.49% from the stock’s previous close.
Several other analysts have also issued reports on CPG. Kepler Capital Markets cut their price target on Compass Group plc from GBX 1,450 ($18.12) to GBX 1,400 ($17.49) and set a “hold” rating for the company in a report on Wednesday. Panmure Gordon reissued a “hold” rating and set a GBX 1,400 ($17.49) price target on shares of Compass Group plc in a report on Tuesday. Barclays PLC boosted their price target on Compass Group plc from GBX 1,500 ($18.74) to GBX 1,550 ($19.37) and gave the company an “overweight” rating in a report on Wednesday. Citigroup Inc. restated a “buy” rating on shares of Compass Group plc in a research report on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on Compass Group plc from GBX 1,412 ($17.64) to GBX 1,380 ($17.24) and set a “neutral” rating on the stock in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,367.60 ($17.09).
Compass Group plc (LON:CPG) opened at 1358.73 on Wednesday. The company’s market capitalization is GBX 22.35 billion. The company’s 50-day moving average price is GBX 1,442.32 and its 200 day moving average price is GBX 1,410.90. Compass Group plc has a 52-week low of GBX 1,066.00 and a 52-week high of GBX 1,559.00.
The firm also recently announced a dividend, which will be paid on Monday, February 20th. Stockholders of record on Thursday, January 19th will be paid a dividend of GBX 21.10 ($0.26) per share. This is a boost from Compass Group plc’s previous dividend of $10.60. The ex-dividend date is Thursday, January 19th. This represents a dividend yield of 1.59%.
In other news, insider Gary Green sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of GBX 1,498 ($18.72), for a total transaction of £1,498,000 ($1,871,564.22). Also, insider Ireena Vittal bought 1,863 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were acquired at an average cost of GBX 1,491 ($18.63) per share, for a total transaction of £27,777.33 ($34,704.31).
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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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