Compass Group (LON:CPG) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Compass Group PLC (LON:CPG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,295.96 ($29.81) and traded as high as GBX 2,494 ($32.38). Compass Group shares last traded at GBX 2,485 ($32.26), with a volume of 1,991,197 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on shares of Compass Group from GBX 2,600 ($33.76) to GBX 2,800 ($36.35) and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Compass Group has an average rating of “Buy” and an average target price of GBX 2,533.33 ($32.89).

Compass Group Stock Down 0.4 %

The firm’s 50-day moving average price is GBX 2,423.29 and its 200 day moving average price is GBX 2,297.23. The firm has a market cap of £42.42 billion, a P/E ratio of 3,285.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

Compass Group Company Profile

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company 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.