Compass Group (LON:CPG) was upgraded by analysts at Sanford C. Bernstein to an “outperform” rating in a research note issued to investors on Monday. The brokerage presently has a GBX 1,750 ($23.74) price objective on the stock, up from their prior price objective of GBX 1,650 ($22.38). Sanford C. Bernstein’s target price suggests a potential upside of 14.12% from the stock’s current price.
CPG has been the subject of a number of other reports. Liberum Capital restated a “buy” rating on shares of Compass Group in a research report on Friday, May 4th. JPMorgan Chase lowered their price target on Compass Group from GBX 1,785 ($24.21) to GBX 1,730 ($23.47) and set an “overweight” rating for the company in a research report on Thursday, May 10th. Stifel Nicolaus reiterated a “hold” rating and set a GBX 1,600 ($21.70) target price on shares of Compass Group in a research report on Thursday, February 8th. Shore Capital reiterated a “hold” rating on shares of Compass Group in a research report on Thursday, February 8th. Finally, HSBC reiterated a “buy” rating and set a GBX 1,850 ($25.09) target price on shares of Compass Group in a research report on Friday, February 16th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,718.25 ($23.31).
Shares of CPG opened at GBX 1,533.50 ($20.80) on Monday. Compass Group has a 52-week low of GBX 1,396.50 ($18.94) and a 52-week high of GBX 1,698 ($23.03).
Compass Group (LON:CPG) last issued its quarterly earnings results on Wednesday, May 9th. The company reported GBX 39 ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of GBX 39.70 ($0.54) by GBX (0.70) (($0.01)). Compass Group had a return on equity of 44.47% and a net margin of 4.95%.
In other news, insider John Bason purchased 864 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of GBX 1,548 ($21.00) per share, for a total transaction of £13,374.72 ($18,142.59). Also, insider Ireena Vittal purchased 1,834 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were purchased at an average price of GBX 1,515 ($20.55) per share, for a total transaction of £27,785.10 ($37,690.04).
About Compass Group
Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and seniors; education; sports and leisure; and defense, offshore, and remote sectors. The company also offers support services, such as cleaning in hospitals; reception services at corporate headquarters; managing remote camps; grounds and facilities services at schools and universities; and others.
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