Compass: UBS lowers target price

(CercleFinance.com) - UBS confirms its buy recommendation on the stock, while lowering its target price to 3,055 pence (from 3,090 pence).
This new TP represents 16% upside potential for the British catering group's shares.

UBS believes that Compass Group is well positioned to continue winning market share in a higher interest rate environment.

The strength of sterling and market rotation have led to a fall in the share price, but Compass is still well placed to leverage its operational and financial strength to win share, UBS says.

The group has confirmed its forecasts for FY 2024/2025, still expecting organic growth of 5% to 9% in operating profit from ordinary activities, accompanied by organic sales growth of at least 7.5%.


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