HSBC Boosts Compass Group (LON:CPG) Price Target to GBX 1,950

Compass Group (LON:CPG) had its target price boosted by stock analysts at HSBC from GBX 1,850 ($24.17) to GBX 1,950 ($25.48) in a research note issued on Friday, March 29th, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. HSBC’s price target would suggest a potential upside of 13.44% from the company’s previous close.

A number of other research firms have also commented on CPG. Barclays reaffirmed an “overweight” rating on shares of Compass Group in a report on Friday, February 8th. UBS Group reissued a “buy” rating and set a GBX 1,830 ($23.91) price objective (up previously from GBX 1,815 ($23.72)) on shares of Compass Group in a research note on Tuesday, December 4th. Berenberg Bank dropped their price objective on Compass Group from GBX 1,900 ($24.83) to GBX 1,850 ($24.17) and set a “buy” rating for the company in a research note on Thursday, January 17th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Compass Group in a research note on Tuesday, January 29th. Finally, Liberum Capital reissued a “buy” rating on shares of Compass Group in a research note on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 1,757.69 ($22.97).

Shares of Compass Group stock traded up GBX 3.50 ($0.05) during trading hours on Friday, reaching GBX 1,719 ($22.46). The company had a trading volume of 2,735,606 shares, compared to its average volume of 3,910,000. Compass Group has a one year low of GBX 1,467.50 ($19.18) and a one year high of GBX 1,830.50 ($23.92). The company has a debt-to-equity ratio of 169.28, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market capitalization of $27.27 billion and a P/E ratio of 24.21.

In other news, insider John Bason purchased 1,140 shares of the stock in a transaction on Friday, February 8th. The shares were acquired at an average price of GBX 1,750 ($22.87) per share, for a total transaction of £19,950 ($26,068.21).

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 senior living market; 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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Analyst Recommendations for Compass Group (LON:CPG)

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