JPMorgan Chase & Co. Boosts Compass Group plc (CPG) Price Target to GBX 1,600
Compass Group plc (LON:CPG) had its target price boosted by JPMorgan Chase & Co. from GBX 1,595 ($19.79) to GBX 1,600 ($19.85) in a note issued to investors on Tuesday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 16.61% from the company’s previous close.
CPG has been the topic of a number of other research reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a GBX 1,491 ($18.50) price objective on shares of Compass Group plc in a research note on Thursday, September 8th. Societe Generale increased their price objective on shares of Compass Group plc from GBX 1,190 ($14.76) to GBX 1,290 ($16.00) and gave the stock a “sell” rating in a research note on Thursday, September 29th. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,400 ($17.37) price objective on shares of Compass Group plc in a research note on Thursday, September 15th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,500 ($18.61) price objective on shares of Compass Group plc in a research note on Monday, September 26th. Finally, Numis Securities Ltd reiterated a “hold” rating and issued a GBX 1,450 ($17.99) price objective on shares of Compass Group plc in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Compass Group plc presently has an average rating of “Hold” and an average target price of GBX 1,437.47 ($17.83).
Shares of Compass Group plc (LON:CPG) opened at 1410.00 on Tuesday. The firm has a 50-day moving average of GBX 1,424.97 and a 200 day moving average of GBX 1,414.15. Compass Group plc has a 52 week low of GBX 1,079.00 and a 52 week high of GBX 1,559.00. The stock’s market cap is GBX 23.19 billion.
The firm also recently declared a dividend, which will be paid on Monday, February 20th. Stockholders of record on Thursday, January 19th will be paid a GBX 21.10 ($0.26) dividend. This is an increase from Compass Group plc’s previous dividend of $10.60. This represents a dividend yield of 1.59%. The ex-dividend date is Thursday, January 19th.
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In other news, insider Paul Walsh bought 5,000 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were bought at an average cost of GBX 1,337 ($16.59) per share, for a total transaction of £66,850 ($82,930.16). Also, insider Ireena Vittal bought 1,863 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was purchased at an average price of GBX 1,491 ($18.50) per share, for a total transaction of £27,777.33 ($34,458.91).
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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