Compass: Liberum raises target price
(CercleFinance.com) - Liberum maintains its 'hold' rating on Compass shares, while raising its target price for them from 2010p to 2150p, after a slight rise in its estimates for the UK food services group.
"Compass has built on its momentum from the first quarter, with organic revenue growth of 25% in 1H23, with the trends of returning workers and outsourcing continuing," the broker said.
"While we see less scope for future upgrades following the recovery phase, we do expect further compounding growth making Compass shares a core portfolio holding," it continues.
Copyright (c) 2023 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.
"Compass has built on its momentum from the first quarter, with organic revenue growth of 25% in 1H23, with the trends of returning workers and outsourcing continuing," the broker said.
"While we see less scope for future upgrades following the recovery phase, we do expect further compounding growth making Compass shares a core portfolio holding," it continues.
Copyright (c) 2023 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.