Rating of The Day: Compass Group PLC (LON:CPG) Stock “Buy” Rating Reiterated at Canaccord Genuity; The Target Price is Set to GBX 1620.00

November 23, 2016 - By Marie Mckinney

Compass Group PLC (LON:CPG) Rating

Canaccord Genuity have a GBX 1620.00 PT on the stock. The PT suggests a potential upside of 19.60% from Compass Group PLC (LON:CPG)‘s current stock price. This rating was disclosed to clients in an analyst 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 -0.10% below today’s (GBX 1354) stock price. Compass Group PLC has been the topic of 113 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, November 8 by Numis Securities. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 23. The stock of Compass Group plc (LON:CPG) earned “Hold” rating by Panmure Gordon on Tuesday, November 24. The firm earned “Neutral” rating on Wednesday, November 25 by UBS. The firm has “Overweight” rating given on Monday, November 21 by JP Morgan. AlphaValue maintained the stock with “Reduce” rating in Thursday, December 24 report. Nomura maintained Compass Group plc (LON:CPG) on Monday, November 23 with “Buy” rating. Numis Securities maintained it with “Hold” rating and GBX 1450 target price in Tuesday, November 22 report. On Wednesday, September 14 the stock rating was upgraded by JP Morgan to “Overweight”. JP Morgan maintained the shares of CPG in a report on Friday, May 6 with “Neutral” rating.

About 4.01M shares traded hands or 10.16% up from the average. 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.

Delta Lloyd Nv accumulated 30,322 shares or 0.02% of the stock. Ahl Partners Limited Liability Partnership reported 12,334 shares or 0.01% of all its holdings. Pnc Financial Svcs has 0% invested in the company for 450 shares. Highbridge Mgmt Ltd Liability Corp owns 14,000 shares or 0% of their US portfolio. Amp Cap Invsts Ltd has invested 0.02% of its portfolio in Compass Group plc (LON:CPG). Dimensional Fund Advisors L P holds 0.03% of its portfolio in Compass Group plc (LON:CPG) for 3.29M shares. Waratah Cap Advsrs Limited last reported 385,004 shares in the company. Acadian Asset Mngmt Ltd owns 743,800 shares or 0.06% of their US portfolio. Hsbc Hldg Pcl holds 90,997 shares or 0% of its portfolio. Old Mutual Customised Solutions (Proprietary) Limited holds 34,700 shares or 0.14% of its portfolio. Apg Asset Mngmt Nv last reported 0.08% of its portfolio in the stock. Ubs Asset Americas last reported 1.15M shares in the company. The New York-based Alliancebernstein Ltd Partnership has invested 0% in Compass Group plc (LON:CPG). Nationwide Fund Advsrs holds 0% or 37,979 shares in its portfolio. Cannell Peter B And Com last reported 203,350 shares in the company.

Compass Group PLC provides food and support services. The company has a market cap of 21.98 billion GBP. The Company’s divisions include North America, Europe & Japan, and Fast Growing & Emerging. It has a 24.67 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.”

Another recent and important Compass Group plc (LON:CPG) news was published by Fool.Co.Uk which published an article titled: “3 Brexit ‘buys’: AstraZeneca plc, Compass Group plc and Severn Trent plc” on July 04, 2016.

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