Compass Group (OTCMKTS:CMPGY) Shares Gap Up – Time to Buy?

Compass Group PLC (OTCMKTS:CMPGY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $30.92, but opened at $32.45. Compass Group shares last traded at $32.51, with a volume of 49,408 shares.

Wall Street Analyst Weigh In

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

Compass Group Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $30.85 and a two-hundred day simple moving average of $31.04.

About Compass Group

Compass Group plc is a United Kingdom-based provider of foodservice and support services. The company designs, prepares and serves meals and refreshments for organizations and institutions, while also offering related services such as facilities management, workplace hospitality, vending and catering support.

Compass Group serves a broad range of markets, including business and industry, healthcare, education, sports and leisure venues, defense, and remote or offshore locations. Its operations are conducted through a portfolio of regional and sector-focused brands, including Eurest, Chartwells, Levy, Restaurant Associates, Bon Appétit and Medirest.

The company traces its origins to 1941, when it was established as Factory Canteens in the United Kingdom.