Compass Group (LON:CPG) Sets New 1-Year High – Here’s What Happened

Compass Group PLC (LON:CPG) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,751.98 ($35.12) and last traded at GBX 2,747.02 ($35.05), with a volume of 44674441 shares trading hands. The stock had previously closed at GBX 2,731 ($34.85).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on shares of Compass Group from GBX 2,600 ($33.18) to GBX 2,800 ($35.73) and gave the stock an “overweight” rating in a research report on Wednesday, September 11th.

Compass Group Stock Performance

The company has a market capitalization of £46.73 billion, a PE ratio of 3,660.53, a P/E/G ratio of 1.42 and a beta of 0.81. The stock has a 50-day simple moving average of GBX 2,543.84 and a 200 day simple moving average of GBX 2,374.66. The company has a debt-to-equity ratio of 89.31, a current ratio of 0.78 and a quick ratio of 0.86.

Compass Group Increases Dividend

The firm also recently announced a 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. This is an increase from Compass Group’s previous dividend of $0.21. This represents a yield of 1.17%. The ex-dividend date of this dividend is Thursday, January 16th. Compass Group’s dividend payout ratio (DPR) is 5,789.47%.

Insiders Place Their Bets

In other Compass Group news, insider Dominic Blakemore sold 119,821 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of GBX 2,692 ($34.35), for a total transaction of £3,225,581.32 ($4,115,836.83). 0.15% of the stock is currently owned by company insiders.

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.