logo-loader
viewCompass Group

Take a bite: UBS ups Compass Group rating to ‘buy’ from ‘hold’, sees buying opportunity

The Swiss bank’s analysts also raised their price target for the FTSE 100 listed firm to 1,700p from 1,655p, with the shares currently changing hands at 1,562p, up 1.4% or 21p on Monday’s close

Catering
In a note to clients, the analysts said: “We believe CPG is the best in class in the catering industry"

UBS has upgraded its stance on Compass Group PLC (LON:CPG) to ‘buy’ from ‘hold’ as they see a buying opportunity in the blue chip contract caterer’s stock.

The Swiss bank’s analysts also raised their price target for the FTSE 100 listed firm to 1,700p from 1,655p, with the shares currently changing hands at 1,562p, up 1.4% or 21p on Monday’s close.

READ: Compass serves up full year profit growth, driven by growth in North America

In a note to clients, the analysts said: “We believe CPG is the best in class in the catering industry given that it is consistently ahead of competition in organic growth and EBIT margin.”

They added: “We continue to see CPG as the industry leader over our forecast period and think the recent share price fall provides a buying opportunity for investors.”

READ: Compass among top Footsie gainers as RBC Capital points investors in its direction

The analysts continued: “While we have admired the operational and financial performance of the company we have not found valuation opportunities attractive enough to have a more positive view.”

They concluded: “We think the recent pull back provides such an opportunity and upgrade our rating to Buy from Neutral.”

Quick facts: Compass Group

Price: 2025 GBX

LSE:CPG
Market: LSE
Market Cap: £32.14 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Live Company's BRICKLIVE goes global with its Nickelodeon partnership

Live Company Group PLC's (LON:LVCG) David Ciclitira caught up with Proactive London's Andrew Scott following the news they've expanded its agreement with children’s entertainment group Nickelodeon. LVCG will now be able to produce and exhibit BRICKLIVE tours themed around Nickelodeon shows...

21 minutes ago

2 min read