Compass Group plc (LON:CPG) shares dropped 0% during mid-day trading on Monday . The company traded as low as GBX 1,545 ($20.95) and last traded at GBX 1,546.50 ($20.97). Approximately 3,698,070 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 3,510,000 shares. The stock had previously closed at GBX 1,546.50 ($20.97).
A number of research firms recently commented on CPG. Royal Bank of Canada upgraded shares of Compass Group to an “outperform” rating and lifted their target price for the stock from GBX 1,530 ($20.75) to GBX 1,750 ($23.73) in a research note on Friday, October 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,800 ($24.41) target price on shares of Compass Group in a research note on Thursday, September 21st. Liberum Capital reiterated a “buy” rating and issued a GBX 1,850 ($25.09) target price on shares of Compass Group in a research note on Tuesday, November 21st. Barclays reiterated an “overweight” rating and issued a GBX 1,800 ($24.41) target price on shares of Compass Group in a research note on Wednesday, November 29th. Finally, Kepler Capital Markets reiterated a “hold” rating and issued a GBX 1,622 ($22.00) target price on shares of Compass Group in a research note on Friday, September 22nd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,683.56 ($22.83).
The stock has a market cap of $24,470.00 and a price-to-earnings ratio of 2,179.58.
Compass Group (LON:CPG) last announced its quarterly earnings results on Tuesday, November 21st. The company reported GBX 72.30 ($0.98) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 71.90 ($0.98) by GBX 0.40 ($0.01). Compass Group had a net margin of 4.95% and a return on equity of 44.47%. The business had revenue of GBX 2,256.80 billion for the quarter.
The firm also recently declared a dividend, which will be paid on Monday, February 26th. Investors of record on Thursday, January 18th will be given a GBX 22.30 ($0.30) dividend. The ex-dividend date is Thursday, January 18th. This represents a yield of 1.48%.
In related news, insider Mark White sold 17,386 shares of the firm’s stock in a transaction dated Thursday, November 23rd. The shares were sold at an average price of GBX 1,520 ($20.61), for a total value of £264,267.20 ($358,377.00).
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Compass Group Company Profile
Compass Group PLC provides food and support services. The Company’s segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
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