Zacks Investment Research Lowers COMPASS GRP PLC/S (OTCMKTS:CMPGY) to Sell

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Zacks Investment Research downgraded shares of COMPASS GRP PLC/S (OTCMKTS:CMPGY) from a hold rating to a sell rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Compass Group PLC provides food and support services to its customers globally through its subsidiaries. The Company serves customers in offices and factories; schools and universities; hospitals and senior living communities; major sports and cultural venues; and remote mining camps and offshore platforms. Its food service segment offers services in the form of free flow restaurants, formal dining restaurants, grab and go deli and café outlets and vending. Support services provided by Compass Group PLC include cleaning, building operations and maintenance, logistics and transport, outdoor, project management and security services. The sectors catered by Campus include business and industry; healthcare and senior citizens; education; sports and leisure and defense, offshore and remote. Compass Group PLC is headquartered in Chertsey, United Kingdom. “

A number of other research firms have also weighed in on CMPGY. Jefferies Financial Group reissued a hold rating on shares of COMPASS GRP PLC/S in a research report on Tuesday, April 9th. Sanford C. Bernstein set a €105.00 ($122.09) price objective on shares of Merck KGaA and gave the company a buy rating in a research report on Monday, April 8th. Goldman Sachs Group set a €76.00 ($88.37) price objective on shares of Symrise and gave the company a neutral rating in a research report on Thursday, March 21st. Royal Bank of Canada cut their price objective on shares of Saputo from C$52.00 to C$50.00 and set an outperform rating for the company in a research report on Friday, June 7th. Finally, Barclays boosted their price objective on shares of Zimmer Biomet from $113.00 to $117.00 and gave the company an underweight rating in a research report on Monday, April 15th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $25.00.

OTCMKTS:CMPGY opened at $24.33 on Tuesday. The firm has a 50 day moving average price of $23.64. The firm has a market capitalization of $38.59 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.73 and a beta of 0.49. COMPASS GRP PLC/S has a 1-year low of $19.47 and a 1-year high of $24.66.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be issued a $0.152 dividend. The ex-dividend date is Thursday, June 20th. COMPASS GRP PLC/S’s payout ratio is 32.97%.

About COMPASS GRP PLC/S

Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally. It serves business and industry; healthcare and senior living market; education; sports and leisure; and defense, offshore, and remote sectors. The company also 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.

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Analyst Recommendations for COMPASS GRP PLC/S (OTCMKTS:CMPGY)

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