Compass Group (CPG) Given New GBX 1,850 Price Target at Berenberg Bank

Compass Group (LON:CPG) had its price target dropped by equities research analysts at Berenberg Bank from GBX 1,900 ($24.83) to GBX 1,850 ($24.17) in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 15.44% from the company’s current price.

Several other analysts have also issued reports on CPG. Barclays reissued an “overweight” rating on shares of Compass Group in a report on Tuesday, October 9th. Morgan Stanley cut their price target on Compass Group from GBX 1,580 ($20.65) to GBX 1,520 ($19.86) and set an “equal weight” rating for the company in a report on Wednesday, October 17th. Liberum Capital reissued a “buy” rating on shares of Compass Group in a report on Tuesday, November 20th. Kepler Capital Markets cut their price target on Compass Group from GBX 1,622 ($21.19) to GBX 1,600 ($20.91) and set a “hold” rating for the company in a report on Tuesday, November 20th. Finally, Goldman Sachs Group boosted their price objective on Compass Group from GBX 1,660 ($21.69) to GBX 1,715 ($22.41) and gave the company a “neutral” rating in a research report on Tuesday, November 27th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Compass Group has a consensus rating of “Buy” and a consensus price target of GBX 1,736.33 ($22.69).

LON:CPG opened at GBX 1,602.50 ($20.94) on Thursday. Compass Group has a 52-week low of GBX 1,396.50 ($18.25) and a 52-week high of GBX 1,698 ($22.19).

Compass Group (LON:CPG) last released its quarterly earnings results on Tuesday, November 20th. The company reported GBX 77.60 ($1.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 77 ($1.01) by GBX 0.60 ($0.01).

In other news, insider John Bryant sold 740 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of GBX 1,655 ($21.63), for a total value of £12,247 ($16,002.87). Also, insider Gary Green sold 63,035 shares of the business’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of GBX 1,686 ($22.03), for a total value of £1,062,770.10 ($1,388,697.37).

Compass Group Company Profile

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also 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.

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Analyst Recommendations for Compass Group (LON:CPG)

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