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An update from Compass ( (GB:CPG) ) is now available.
Compass Group PLC has announced its agreement to acquire Vermaat Groep B.V., a premium food services business in Europe, for approximately €1.5 billion. This acquisition is expected to enhance Compass’s premium offerings in Europe, leveraging Vermaat’s strong market presence in the Netherlands, Germany, and France. The acquisition aligns with Compass’s strategy of expanding its footprint in Europe, a market valued at over €115 billion. The move is anticipated to be margin and EPS accretive in its first year and aims to achieve returns above the Group’s cost of capital in the medium term. The transaction is subject to regulatory approval and is expected to bring significant growth opportunities and shareholder value.
The most recent analyst rating on (GB:CPG) stock is a Buy with a £2300.00 price target. To see the full list of analyst forecasts on Compass stock, see the GB:CPG Stock Forecast page.
Spark’s Take on GB:CPG Stock
According to Spark, TipRanks’ AI Analyst, GB:CPG is a Outperform.
Compass Group’s strong financial performance and positive corporate events underpin its overall stock score. While technical indicators present a mixed picture, they do not significantly dampen the outlook. The high valuation, relative to peers, suggests potential for long-term growth rather than immediate gains.
To see Spark’s full report on GB:CPG stock, click here.
More about Compass
Compass Group PLC is a global leader in food services, operating in around 30 countries with approximately 580,000 employees worldwide. The company specializes in providing food and a range of support services across various sectors including Business & Industry, Healthcare & Seniors, Education, Sports & Leisure, and Defence, Offshore & Remote. Compass Group is listed on the London Stock Exchange and generated underlying revenues of over $42 billion for the 2024 fiscal year.
Average Trading Volume: 2,988,044
Technical Sentiment Signal: Buy
Current Market Cap: £42.67B
For detailed information about CPG stock, go to TipRanks’ Stock Analysis page.