Compass Group (OTCMKTS:CMPGY) Sees Strong Trading Volume – Time to Buy?

Compass Group PLC (OTCMKTS:CMPGY) saw unusually-strong trading volume on Tuesday . Approximately 922,610 shares traded hands during trading, an increase of 130% from the previous session’s volume of 401,043 shares.The stock last traded at $30.46 and had previously closed at $30.63.

Analysts Set New Price Targets

CMPGY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Compass Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Citigroup upgraded Compass Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Compass Group in a research report on Friday, November 28th. Finally, Royal Bank Of Canada upgraded Compass Group from a “sector perform” rating to an “outperform” rating in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, Compass Group currently has an average rating of “Strong Buy”.

Compass Group Stock Performance

The business has a fifty day moving average of $31.49 and a 200 day moving average of $33.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.73 and a quick ratio of 0.65.

About Compass Group

Compass Group is a UK-based multinational company that specializes in contract foodservice and support services for corporate, education, healthcare, sports and leisure, defense, and remote-site clients. The company delivers on-site catering, concession and hospitality services, vending, and retail food offerings, drawing on a portfolio of operating units and local brands to tailor services to client needs. Its business model focuses on delivering food and related services under long-term contracts for institutions and organizations rather than direct retail food sales.

Beyond core catering, Compass Group offers a range of integrated support services including facilities management, cleaning, waste management, catering technology, and workforce management solutions.