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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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