Rating Alert: JP Morgan Cazenove Reaffirms Compass Group PLC (LON:CPG)’s Overweight Rating

November 23, 2016 - By olga

Compass Group PLC (LON:CPG) Rating

In a research report issued to clients on Wednesday, 23 November, JP Morgan Cazenove reconfirmed their Overweight rating on shares of Compass Group PLC (LON:CPG).

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 -0.47% below today’s (GBX 1359) stock price. Compass Group PLC has been the topic of 113 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, August 13, the company rating was maintained by AlphaValue. The firm earned “Neutral” rating on Tuesday, February 16 by UBS. The firm earned “Neutral” rating on Thursday, July 30 by Credit Suisse. Societe Generale maintained Compass Group plc (LON:CPG) on Tuesday, September 15 with “Sell” rating. The rating was maintained by Numis Securities with “Hold” on Wednesday, July 29. On Wednesday, November 18 the stock rating was maintained by Natixis with “Neutral”. Credit Suisse maintained Compass Group plc (LON:CPG) on Thursday, August 27 with “Neutral” rating. As per Monday, August 24, the company rating was maintained by Goldman Sachs. Barclays Capital maintained it with “Overweight” rating and GBX 1330 target price in Friday, January 22 report. The firm has “Neutral” rating by Natixis given on Friday, December 4.

About 2.18 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 Q2 2016. Its up 0.23, from 1.3 in 2016Q1. The ratio is positive, 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.

Moreover, Goldman Sachs Grp has 0.01% invested in Compass Group plc (LON:CPG) for 1.24M shares. Lucas Capital Mngmt, a New Jersey-based fund reported 40,166 shares. Art Advsrs Ltd Co holds 0.07% of its portfolio in Compass Group plc (LON:CPG) for 83,012 shares. Wells Fargo Co Mn holds 1,500 shares or 0% of its portfolio. Grt Cap Ltd Co last reported 0.08% of its portfolio in the stock. Cubist Systematic Strategies Ltd Liability Co, a Connecticut-based fund reported 34,445 shares. Da Davidson & Commerce accumulated 0% or 4,200 shares. Cannell Peter B Communications Inc last reported 0.12% of its portfolio in the stock. Obermeyer Wood Invest Counsel Lllp last reported 0.08% of its portfolio in the stock. Great West Life Assurance Can accumulated 0.47% or 9.33M shares. Apg Asset Mgmt Nv owns 2.19 million shares or 0.08% of their US portfolio. Addenda accumulated 1.18% or 897,731 shares. Moreover, Sentry Invests Corp has 0.84% invested in Compass Group plc (LON:CPG) for 4.41M shares. The Australia-based Macquarie Group has invested 0% in Compass Group plc (LON:CPG). Pcj Invest Counsel Ltd owns 3.15 million shares or 2.95% of their US portfolio.

Compass Group PLC provides food and support services. The company has a market cap of 22.06 billion GBP. The Company’s divisions include North America, Europe & Japan, and Fast Growing & Emerging. It has a 24.76 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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