Compass Group (OTCMKTS:CMPGY) Shares Gap Down – Here’s Why

Compass Group PLC (OTCMKTS:CMPGY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $30.98, but opened at $30.02. Compass Group shares last traded at $30.01, with a volume of 1,009 shares changing hands.

Analyst Ratings Changes

Separately, Compass Point set a $36.00 target price on shares of Compass Group in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of $36.00.

Compass Group Trading Up 0.6%

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.63 and a current ratio of 0.70. The firm’s 50 day simple moving average is $31.42 and its 200 day simple moving average is $30.93.

About Compass Group

Compass Group plc is a United Kingdom-based provider of food services and support services. The company designs, manages and delivers dining programs for organizations and institutions, including contract catering, workplace dining, food and beverage services, and hospitality operations.

Its services are provided across multiple end markets, including business and industry, healthcare, education, sports and leisure, defense, and remote-site operations. Compass Group serves clients through brands and operating businesses such as Eurest, Chartwells, Canteen, Levy and Restaurant Associates, offering services that range from everyday meal programs to event catering and facility-support solutions.

Founded in the United Kingdom in 1941, Compass Group has expanded into an international business serving customers across North America, Europe, Asia-Pacific and other global markets.