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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!