Canaccord Genuity downgraded shares of Compass Group plc (LON:CPG) to a hold rating in a report published on Friday. Canaccord Genuity currently has GBX 1,460 ($18.19) price target on the stock, up from their prior price target of GBX 1,370 ($17.07).
Several other equities research analysts also recently weighed in on the company. Morgan Stanley restated an equal weight rating on shares of Compass Group plc in a report on Monday, November 7th. J P Morgan Chase & Co upped their price target on Compass Group plc from GBX 1,600 ($19.93) to GBX 1,685 ($20.99) and gave the stock an overweight rating in a report on Wednesday, January 18th. Jefferies Group LLC downgraded Compass Group plc to a hold rating and increased their price objective for the company from GBX 1,450 ($18.06) to GBX 1,475 ($18.37) in a report on Monday, November 7th. Royal Bank Of Canada increased their price objective on Compass Group plc from GBX 1,480 ($18.44) to GBX 1,530 ($19.06) and gave the company a sector perform rating in a report on Thursday, October 13th. Finally, Numis Securities Ltd reiterated a hold rating and issued a GBX 1,450 ($18.06) price objective on shares of Compass Group plc in a report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 1,481.14 ($18.45).
Shares of Compass Group plc (LON:CPG) opened at 1450.00 on Friday. The company has a 50-day moving average price of GBX 1,435.86 and a 200-day moving average price of GBX 1,443.91. Compass Group plc has a 12 month low of GBX 1,170.00 and a 12 month high of GBX 1,559.00. The company’s market capitalization is GBX 23.82 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 issued a GBX 21.10 ($0.26) dividend. This is a boost 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.
In related news, insider Richard John Cousins sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of GBX 1,371 ($17.08), for a total value of £2,742,000 ($3,415,545.59). Also, insider Paul Walsh acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was purchased at an average cost of GBX 1,337 ($16.65) per share, with a total value of £66,850 ($83,271.05).
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.