Compass Group (LON:CPG) Sets New 52-Week High Following Dividend Announcement

Compass Group PLC (LON:CPG) shares reached a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 2,703 ($33.95) and last traded at GBX 2,694 ($33.84), with a volume of 34032891 shares. The stock had previously closed at GBX 2,653 ($33.32).

The newly announced dividend which will be paid on Thursday, February 27th. Stockholders of record on Thursday, January 16th will be given a $0.39 dividend. This represents a dividend yield of 1.17%. This is an increase from Compass Group’s previous dividend of $0.21. The ex-dividend date is Thursday, January 16th. Compass Group’s payout ratio is presently 5,789.47%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on Compass Group from GBX 2,600 ($32.66) to GBX 2,800 ($35.17) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Compass Group has a consensus rating of “Buy” and an average target price of GBX 2,600 ($32.66).

Compass Group Stock Up 1.5 %

The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31. The company has a market capitalization of £45.80 billion, a PE ratio of 3,490.79, a PEG ratio of 1.42 and a beta of 0.81. The company’s 50 day moving average is GBX 2,506.21 and its two-hundred day moving average is GBX 2,351.25.

About Compass Group

Compass Group PLC operates as a food and support services company in North America, Europe, and internationally. The company 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.