Compass: share up after broker comments
(CercleFinance.com) - Compass shares are up sharply in London on Tuesday, boosted by a positive rating from AlphaValue analysts.
At around 11:15am (London time), the stock was up 3%, the third highest increase in the FTSE 100 index, which is down 0.5%.
In a research report, AlphaValue says it has upgraded its rating on the shares of the world's leading contract catering company from "reduce" to "add", while raising their target price from 1414 pence to 1545 pence.
While analysts now forecast a 24% drop in revenues in the current financial year - compared with a previous estimate of -10% - the Paris-based research firm says it expects business to return to its pre-pandemic levels by the financial year ending September 2023.
Copyright (c) 2021 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.
At around 11:15am (London time), the stock was up 3%, the third highest increase in the FTSE 100 index, which is down 0.5%.
In a research report, AlphaValue says it has upgraded its rating on the shares of the world's leading contract catering company from "reduce" to "add", while raising their target price from 1414 pence to 1545 pence.
While analysts now forecast a 24% drop in revenues in the current financial year - compared with a previous estimate of -10% - the Paris-based research firm says it expects business to return to its pre-pandemic levels by the financial year ending September 2023.
Copyright (c) 2021 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.