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Compass Group (CPG)

Share Price:
Up 2,050.00p
Change Today:
3.00p
Market Cap:
32,520m

Barclays downgrades Compass on valuation grounds

15 Apr 19

LONDON (ShareCast) - (Sharecast News) - Outsourcer Compass was under the cosh on Monday as Barclays downgraded its rating on the stock to 'equalweight' from 'overweight' after 10 years.
"We have been long-term supporters of Compass and its relative strengths versus the rest of the sector," it said.

"However, we believe the valuation has now reached levels that make the upside feel more limited on a 12-month view."

Barclays said it was more cautious on the stock in the short term.

"While we expect another excellent quarter of organic growth when the company reports on 15th May (Q2 6.1% versus company-provided consensus of circa 5.5%), we are more negative about margins," it said.

Barclays upped its price target on Compass to 1,850p, from 1,770p.

At 1010 BST, the shares were down 2.4% to 1,749.75.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 2,050.00p
Change Today 3.00p
52 Week High 2,110.00p
52 Week Low 1,483.00p
Volume 1,736,480
Shares Issued 1,586.37m
Market Cap 32,520m

Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Jun-19 17-Jan-19
Paid 29-Jul-19 25-Feb-19
Amount 13.10p 25.40p