Compass: UBS raises target price
(CercleFinance.com) - UBS confirms its 'buy' recommendation on Compass Group shares, raising its target price for them from 2,475 pence to 3,090 pence, which now represents 15% upside potential for the British catering group's shares.
At a time when the market is wondering when margins might return to their pre-Covid peak of 7.5%, we see potential for long-term margins to reach 8%, the broker summarises.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
At a time when the market is wondering when margins might return to their pre-Covid peak of 7.5%, we see potential for long-term margins to reach 8%, the broker summarises.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.