Compass Group (OTCMKTS:CMPGY) Sees Large Volume Increase – Still a Buy?

Shares of Compass Group PLC (OTCMKTS:CMPGY) saw unusually-strong trading volume on Monday . Approximately 732,023 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 282,082 shares.The stock last traded at $31.04 and had previously closed at $31.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMPGY shares. The Goldman Sachs Group upgraded shares of Compass Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Citigroup raised shares of Compass Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Compass Group in a research report on Friday. Finally, Royal Bank Of Canada upgraded Compass Group from a “sector perform” rating to an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Compass Group currently has a consensus rating of “Strong Buy”.

Compass Group Stock Performance

The firm’s 50 day moving average is $33.58 and its two-hundred day moving average is $34.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.62 and a current ratio of 0.69.

About Compass Group

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company 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.