3 FTSE Shares Hitting New Highs: Associated British Foods plc (ABF), Compass Group plc (CPG), Persimmon plc (PSN)

LONDON — The FTSE 100 is now solidly above the 6,500 level, but it’s shying away from the five-year record of 6,534 points it set on Tuesday. By 12:10 p.m. EDT, the index of top U.K. shares is up 0.76% to 6,530 and a long way from its 52-week low of 5,230 points set last June. And it looks like we’re in for the eighth successive close above 6,400 today.

But what of individual index constituents? Here are three setting new highs today.

Associated British Foods plcAssociated British Foods
Associated British Foods plc (LON:ABF) shares hit a 52-week high of 1,898 pence this morning and are down a touch to 1,896 this afternoon. That takes the price of the 15 billion pound FTSE 100 giant up more than 55% over the past 12 months.

The shares were boosted by last month’s pre-close interim update, which told of an “above expectations” period, with Primark sales up about 23% on the first half of the previous year. Forecasts are suggesting a 10% rise in full-year earnings per share — but the recent price rise does put the shares on a relatively lofty P/E of more than 19.

Compass
Shares in food services company Compass Group plc (LON:CPG) have had a storming run, too, gaining more than 25% over the past 12 months and reaching a new 52-week high of 844.5 pence today. Compass Group plc (LON:CPG) has performed well throughout the recession, with earnings per share growing for five straight years. The dividend has been lifted year on year, too, rising from 12 pence per share in 2008 to a 2012 payout of 21.3 pence per share. Forecasts suggest more of the same for the next two years.

Persimmon
I’m pleased to see Persimmon plc (LON:PSN) shares up 80% since last summer’s low and ending yesterday on a new closing high of 957 pence, as I added the homebuilder to the Fool’s Beginners’ Portfolio during July last year. The shares gained a further 0.7% today to 963.5 pence.

Persimmon plc (LON:PSN) plans to pay a 75 pence per-share dividend in June, then nothing else until a planned 95 pence per-share payout two years from now — and there aren’t many companies with such firm dividend plans. With a couple of strong years already behind it, Persimmon has earnings growth of about 15% forecast for each of the next two years.

The article 3 FTSE Shares Hitting New Highs originally appeared on Fool.com.

Alan Oscroft does not own any shares mentioned in this article.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!