Compass Group (LON:CPG) had its target price cut by research analysts at Goldman Sachs Group from GBX 1,400 ($17.23) to GBX 1,310 ($16.12) in a report released on Friday, Stock Target Advisor reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 24.70% from the company’s previous close.
A number of other brokerages have also recently issued reports on CPG. Citigroup cut their target price on shares of Compass Group from GBX 1,520 ($18.71) to GBX 1,280 ($15.75) and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank of Canada downgraded shares of Compass Group to an “underperform” rating and lowered their target price for the company from GBX 1,250 ($15.38) to GBX 1,000 ($12.31) in a report on Thursday, July 9th. Barclays reduced their price target on shares of Compass Group from GBX 1,250 ($15.38) to GBX 1,050 ($12.92) and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. Shore Capital reaffirmed a “buy” rating on shares of Compass Group in a research report on Thursday. Finally, Morgan Stanley reduced their price target on shares of Compass Group from GBX 1,540 ($18.95) to GBX 1,350 ($16.61) and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Five analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Compass Group currently has an average rating of “Hold” and a consensus target price of GBX 1,276.94 ($15.71).
Shares of CPG opened at GBX 1,050.50 ($12.93) on Friday. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 164.11. The stock has a market cap of $18.74 billion and a P/E ratio of 16.48. The company has a 50-day moving average of GBX 1,133.06 and a two-hundred day moving average of GBX 1,395.75. Compass Group has a 12-month low of GBX 11.01 ($0.14) and a 12-month high of GBX 2,150 ($26.46).
Compass Group (LON:CPG) last announced its earnings results on Tuesday, May 19th. The company reported GBX 37.60 ($0.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 36.20 ($0.45) by GBX 1.40 ($0.02). As a group, analysts forecast that Compass Group will post 8454.8846129 EPS for the current fiscal year.
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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