Compass Group (LON:CPG) Hits New 12-Month High at $2,304.00

Compass Group PLC (LON:CPG)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 2,304 ($29.12) and last traded at GBX 2,304 ($29.12), with a volume of 1803891 shares traded. The stock had previously closed at GBX 2,286 ($28.89).

Wall Street Analysts Forecast Growth

CPG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 2,600 ($32.86) price objective on shares of Compass Group in a research report on Monday, February 26th. Numis Securities reissued a “buy” rating on shares of Compass Group in a research report on Monday, December 4th. Citigroup reissued a “buy” rating on shares of Compass Group in a research report on Tuesday, February 20th. Finally, Shore Capital reissued a “buy” rating on shares of Compass Group in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Compass Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,371 ($29.96).

Compass Group Trading Up 0.0 %

The stock has a 50-day simple moving average of GBX 2,179.50 and a 200 day simple moving average of GBX 2,112.49. The company has a current ratio of 0.75, a quick ratio of 0.86 and a debt-to-equity ratio of 86.40. The company has a market cap of £39.19 billion, a price-to-earnings ratio of 3,072.00, a PEG ratio of 1.88 and a beta of 0.75.

Compass Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, January 18th were given a dividend of GBX 28.10 ($0.36) per share. The ex-dividend date was Thursday, January 18th. This represents a yield of 1.34%. This is a boost from Compass Group’s previous dividend of $15.00. Compass Group’s payout ratio is currently 5,733.33%.

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.