Compass Group (LON:CPG) Hits New 1-Year High After Dividend Announcement

Shares of Compass Group PLC (LON:CPG) 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 ($34.27) and last traded at GBX 2,694 ($34.15), with a volume of 34032891 shares. The stock had previously closed at GBX 2,653 ($33.63).

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on shares of Compass Group from GBX 2,600 ($32.96) to GBX 2,800 ($35.50) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 2,600 ($32.96).

Compass Group Stock Performance

The company has a 50 day moving average of GBX 2,510.63 and a 200-day moving average of GBX 2,354.48. The stock has a market cap of £45.47 billion, a price-to-earnings ratio of 3,526.32, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a debt-to-equity ratio of 89.31, a quick ratio of 0.86 and a current ratio of 0.78.

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.