Compass Group (LON:CPG) was upgraded by research analysts at Sanford C. Bernstein to an “outperform” rating in a research note issued to investors on Monday, May 14th. The firm presently has a GBX 1,750 ($23.48) price target on the stock, up from their prior price target of GBX 1,650 ($22.14). Sanford C. Bernstein’s price objective points to a potential upside of 9.48% from the company’s current price.
A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Compass Group from GBX 1,785 ($23.95) to GBX 1,730 ($23.21) and set an “overweight” rating on the stock in a research note on Thursday, May 10th. Liberum Capital reissued a “buy” rating and issued a GBX 1,850 ($24.82) target price on shares of Compass Group in a research note on Thursday, May 10th. Shore Capital reissued a “hold” rating on shares of Compass Group in a research note on Wednesday, May 9th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,750 ($23.48) price objective on shares of Compass Group in a report on Friday, April 13th. Finally, HSBC restated a “buy” rating and issued a GBX 1,850 ($24.82) price objective on shares of Compass Group in a report on Friday, February 16th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of GBX 1,718.25 ($23.05).
Shares of CPG stock opened at GBX 1,598.50 ($21.45) on Monday. Compass Group has a 52-week low of GBX 1,396.50 ($18.74) and a 52-week high of GBX 1,698 ($22.78).
Compass Group (LON:CPG) last released its earnings results on Wednesday, May 9th. The company reported GBX 39 ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 39.70 ($0.53) by GBX (0.70) (($0.01)). Compass Group had a net margin of 4.95% and a return on equity of 44.47%.
In related news, insider John Bason purchased 864 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of GBX 1,548 ($20.77) per share, for a total transaction of £13,374.72 ($17,945.42). Also, insider Ireena Vittal purchased 1,834 shares of the firm’s stock in a transaction on Thursday, March 8th. The stock was bought at an average price of GBX 1,515 ($20.33) per share, for a total transaction of £27,785.10 ($37,280.42).
Compass Group Company Profile
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.
Receive News & Ratings for Compass Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass Group and related companies with MarketBeat.com's FREE daily email newsletter.