Market Rating: Societe Generale Keeps Compass Group PLC (LON:CPG) As “Sell”; Has Price Target Of GBX 1240.00

November 23, 2016 - By Marguerite Chambers

Compass Group PLC (LON:CPG) Rating

Compass Group PLC (LON:CPG) had its stock rating noted as “Sell” by analysts at Societe Generale. Societe Generale currently has a GBX 1240.00 TP on the 21.99B GBP market cap company or -8.72% downside potential. This was shown in a research note on 23 November.

Compass Group plc (LON:CPG) Ratings Coverage

Out of 24 analysts covering Compass Group PLC (LON:CPG), 9 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 38% are positive. GBX 1645 is the highest target while GBX 930 is the lowest. The GBX 1352.59 average target is -0.18% below today’s (GBX 1355) stock price. Compass Group PLC has been the topic of 113 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Panmure Gordon with “Hold” on Wednesday, May 11. The stock of Compass Group plc (LON:CPG) earned “Buy” rating by Nomura on Thursday, November 26. The company was maintained on Tuesday, March 8 by Jefferies. The stock of Compass Group plc (LON:CPG) earned “Buy” rating by Berenberg on Tuesday, April 26. Morgan Stanley maintained the shares of CPG in a report on Thursday, September 3 with “Equalwt/In-Line” rating. The firm has “Underperform” rating by Credit Suisse given on Thursday, January 21. Kepler Cheuvreux maintained Compass Group plc (LON:CPG) rating on Friday, July 1. Kepler Cheuvreux has “Hold” rating and GBX 1450 price target. The rating was maintained by Goldman Sachs with “Sell” on Thursday, November 26. The firm earned “Buy” rating on Thursday, July 28 by Canaccord Genuity. As per Friday, July 29, the company rating was maintained by JP Morgan.

About 2.49 million shares traded hands. Compass Group plc (LON:CPG) has risen 8.33% since April 26, 2016 and is uptrending. It has outperformed by 3.00% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.53 in 2016 Q2. Its up 0.23, from 1.3 in 2016Q1. The ratio improved, as 17 funds sold all Compass Group plc shares owned while 52 reduced positions. 30 funds bought stakes while 60 increased positions. They now own 183.37 million shares or 3.62% less from 190.26 million shares in 2016Q1.

Paloma Prns Management Com last reported 44,851 shares in the company. Cap Mgmt Assocs Ny has invested 0.75% of its portfolio in Compass Group plc (LON:CPG). Commerzbank Aktiengesellschaft Fi accumulated 74,945 shares or 0.01% of the stock. Aviva Public Limited Company holds 0.03% or 304,845 shares in its portfolio. Manufacturers Life Insur Communications The last reported 0.09% of its portfolio in the stock. Bridgewater Associates Limited Partnership has 153,100 shares for 0.03% of their US portfolio. Penbrook Management Limited holds 0.39% or 22,440 shares in its portfolio. Great West Life Assurance Can last reported 0.47% of its portfolio in the stock. Assetmark last reported 1,164 shares in the company. Hsbc Hldgs Public Limited Company has 0% invested in the company for 90,997 shares. Waratah Advsrs Ltd has 385,004 shares for 1.24% of their US portfolio. Deutsche State Bank Ag accumulated 894,819 shares or 0.01% of the stock. Kcg holds 0.01% or 20,287 shares in its portfolio. Moreover, Gulf Commercial Bank (Uk) Limited has 0.04% invested in Compass Group plc (LON:CPG) for 165,493 shares. Savings Bank Of Montreal Can has 13.63 million shares for 0.25% of their US portfolio.

Compass Group PLC provides food and support services. The company has a market cap of 21.99 billion GBP. The Company’s divisions include North America, Europe & Japan, and Fast Growing & Emerging. It has a 24.69 P/E ratio. It provides breakfasts, lunches and dinners, and also offers hospitality services.

According to Zacks Investment Research, “Crescent Point Energy Corp. is engaged in the acquisition, exploration and development of oil and natural gas properties in Western Canada. The Company’s operations consist of light and medium oil and natural gas assets strategically focused in core areas in southern Saskatchewan and central and southern Alberta. Crescent Point Energy Corp., formerly known as Crescent Point Energy Trust, is headquartered in Calgary, Canada.”

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