Compass: Oddo considers valuation is generous.
(CercleFinance.com) - Oddo has confirmed its Reduce rating on the Compass stock, along with its target price of 1550 pence after the group announced its annual results.
Analysts say that the group's fundamentals are healthy, although the stock's valuation is generous.
It believes that Compass' 2017 results are in line with expectations: organic growth +4.0% and margins up 10bp. The group posted underlying profit that is up 5.7% at 72.3 pence per share.
The broker believes that the outlook is in line with expectations, although weighted on the 2nd half. It says that it expect organic growth of 4.9%, with stable margins.
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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.
Analysts say that the group's fundamentals are healthy, although the stock's valuation is generous.
It believes that Compass' 2017 results are in line with expectations: organic growth +4.0% and margins up 10bp. The group posted underlying profit that is up 5.7% at 72.3 pence per share.
The broker believes that the outlook is in line with expectations, although weighted on the 2nd half. It says that it expect organic growth of 4.9%, with stable margins.
Copyright (c) 2017 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.