Compass Group plc (CPG) Stock Rating Lowered by Beaufort Securities
Compass Group plc (LON:CPG) was downgraded by research analysts at Beaufort Securities to a “hold” rating in a report released on Wednesday. They currently have a GBX 1,650 ($21.70) price objective on the stock, down from their previous price objective of GBX 1,700 ($22.36). Beaufort Securities’ price objective would suggest a potential upside of 9.50% from the company’s current price.
Other equities analysts also recently issued reports about the company. Canaccord Genuity boosted their price objective on Compass Group plc from GBX 1,550 ($20.39) to GBX 1,630 ($21.44) and gave the stock a “hold” rating in a research report on Thursday, July 27th. Credit Suisse Group upped their target price on Compass Group plc from GBX 1,750 ($23.02) to GBX 1,870 ($24.60) and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Numis Securities Ltd restated a “hold” rating and issued a GBX 1,620 ($21.31) target price on shares of Compass Group plc in a research report on Thursday, July 27th. Panmure Gordon restated a “hold” rating and issued a GBX 1,560 ($20.52) target price on shares of Compass Group plc in a research report on Tuesday. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,850 ($24.33) target price on shares of Compass Group plc in a research report on Tuesday. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,677.31 ($22.06).
Compass Group plc (LON:CPG) opened at GBX 1,506.90 ($19.82) on Wednesday. Compass Group plc has a 52-week low of GBX 1,305 ($17.16) and a 52-week high of GBX 1,698 ($22.33).
Compass Group plc (LON:CPG) last issued its quarterly earnings data on Tuesday, November 21st. The company reported GBX 72.30 ($0.95) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 71.90 ($0.95) by GBX 0.40 ($0.01). The business had revenue of GBX 2,256.80 billion during the quarter. Compass Group plc had a return on equity of 46.40% and a net margin of 5.42%.
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In related news, insider Paul Walsh purchased 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were bought at an average price of GBX 1,571 ($20.66) per share, with a total value of £157,100 ($206,628.96).
Compass Group plc Company Profile
Compass Group PLC provides food and support services. The Company’s segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
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