Compass Group (CPG) Downgraded to “Hold” at Jefferies Financial Group


Compass Group (LON:CPG) was downgraded by equities research analysts at Jefferies Financial Group to a “hold” rating in a research report issued to clients and investors on Tuesday, April 9th, ThisIsMoney.Co.Uk reports. They currently have a GBX 1,670 ($21.82) price target on the stock, down from their prior price target of GBX 1,730 ($22.61). Jefferies Financial Group’s price objective indicates a potential downside of 5.01% from the company’s previous close.

CPG has been the topic of a number of other research reports. Barclays reaffirmed an “overweight” rating on shares of Compass Group in a research report on Friday, February 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Compass Group in a research report on Tuesday, January 29th. Berenberg Bank cut their price objective on shares of Compass Group from GBX 1,900 ($24.83) to GBX 1,850 ($24.17) and set a “buy” rating on the stock in a research report on Thursday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,750 ($22.87) price objective on shares of Compass Group in a research report on Tuesday, January 29th. Finally, Liberum Capital reaffirmed a “buy” rating on shares of Compass Group in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,757.69 ($22.97).

Shares of Compass Group stock opened at GBX 1,758 ($22.97) on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 169.28. Compass Group has a 52-week low of GBX 1,435 ($18.75) and a 52-week high of GBX 1,830.50 ($23.92). The company has a market capitalization of $27.89 billion and a PE ratio of 24.76.

In related news, insider John Bason bought 1,140 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average cost of GBX 1,750 ($22.87) per share, for a total transaction of £19,950 ($26,068.21).

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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