Compass: stock up after Berenberg raises target

(CercleFinance.com) - Compass shares are up 1.
1% at 1,842.5 pence after Berenberg increased its target price for the British cathering group.

The current softness of the shares offers a buy opportunity, the German broker's note says. Indeed, the Compass share has fallen by 9% over the past month.

"The company's willingness to rapidly respond to areas of weakness in the business is testament to its ability to return to margin growth over the long term," it says.

"The attraction of Compass remains its ability to deliver robust medium- and long-term earnings growth," Berenberg adds.

The broker - which has a "buy" rating on the stock - has raised its target price from 1,850 pence to 2,050 pence.

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