Compass Group (OTCMKTS:CMPGY) Shares Gap Up – Still a Buy?

Compass Group PLC (OTCMKTS:CMPGY)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $29.73, but opened at $30.55. Compass Group shares last traded at $30.4235, with a volume of 3,498 shares.

Wall Street Analyst Weigh In

Separately, Compass Point set a $36.00 price objective on Compass Group in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and an average target price of $36.00.

Compass Group Price Performance

The business has a 50-day simple moving average of $30.94 and a 200 day simple moving average of $30.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.70 and a quick ratio of 0.63.

Compass Group Company Profile

Compass Group plc is a United Kingdom-based provider of foodservice and support services. The company designs, prepares and serves meals and refreshments for organizations and institutions, while also offering related services such as facilities management, workplace hospitality, vending and catering support.

Compass Group serves a broad range of markets, including business and industry, healthcare, education, sports and leisure venues, defense, and remote or offshore locations. Its operations are conducted through a portfolio of regional and sector-focused brands, including Eurest, Chartwells, Levy, Restaurant Associates, Bon Appétit and Medirest.

The company traces its origins to 1941, when it was established as Factory Canteens in the United Kingdom.