Compass Group (LON:CPG) Hits New 52-Week High After Dividend Announcement

Shares of Compass Group PLC (LON:CPG) reached a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as GBX 2,703 ($33.98) and last traded at GBX 2,694 ($33.87), with a volume of 34032891 shares changing hands. The stock had previously closed at GBX 2,653 ($33.35).

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on Compass Group from GBX 2,600 ($32.68) to GBX 2,800 ($35.20) and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 2,600 ($32.68).

Compass Group Trading Up 1.0 %

The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78. The stock has a market capitalization of £45.56 billion, a P/E ratio of 3,526.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock has a 50-day moving average price of GBX 2,510.63 and a two-hundred day moving average price of GBX 2,354.48.

Compass Group Company Profile

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.