Shares of Compass Group plc (LON:CPG) shot up 1.6% on Thursday . The stock traded as high as GBX 1,635 ($21.50) and last traded at GBX 1,635 ($21.50). 2,157,281 shares were traded during trading, a decline of 39% from the average session volume of 3,531,690 shares. The stock had previously closed at GBX 1,610 ($21.17).
Several research firms have weighed in on CPG. HSBC Holdings plc began coverage on Compass Group plc in a research report on Wednesday, June 21st. They set a “buy” rating and a GBX 1,850 ($24.32) price objective on the stock. Peel Hunt reissued a “buy” rating on shares of Compass Group plc in a research report on Monday, September 4th. Berenberg Bank boosted their price target on Compass Group plc from GBX 1,650 ($21.69) to GBX 1,800 ($23.67) and gave the stock a “buy” rating in a research report on Thursday, June 29th. Bryan, Garnier & Co reissued a “neutral” rating and issued a GBX 1,550 ($20.38) price target on shares of Compass Group plc in a research report on Tuesday, August 29th. Finally, Credit Suisse Group boosted their price target on Compass Group plc from GBX 1,750 ($23.01) to GBX 1,870 ($24.59) and gave the stock an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,631.59 ($21.45).
The firm’s market capitalization is GBX 25.85 billion. The stock’s 50 day moving average price is GBX 1,631.08 and its 200 day moving average price is GBX 1,510.16.
In other news, insider Paul Walsh acquired 10,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was bought at an average price of GBX 1,571 ($20.65) per share, with a total value of £157,100 ($206,547.46).
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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