Compass Group (LON:CPG) Hits New 12-Month High After Dividend Announcement

Shares of Compass Group PLC (LON:CPG - Get Free Report) hit a new 52-week high during trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 2,703 ($33.98) and last traded at GBX 2,694 ($33.87), with a volume of 34032891 shares. The stock had previously closed at GBX 2,653 ($33.35).

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on Compass Group from GBX 2,600 ($32.68) to GBX 2,800 ($35.20) and gave the company an "overweight" rating in a report on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of GBX 2,600 ($32.68).

Compass Group Stock Performance

The stock has a market capitalization of £45.56 billion, a PE ratio of 3,526.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The stock has a fifty day moving average of GBX 2,510.63 and a 200-day moving average of GBX 2,354.48. The company has a quick ratio of 0.86, a current ratio of 0.78 and a debt-to-equity ratio of 89.31.

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.