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An update from Compass ( (GB:CPG) ) is now available.
Compass Group PLC has announced an upgrade to its FY25 profit guidance, driven by strong organic growth and better-than-expected performance in mergers and acquisitions. The company reported an 8.6% organic revenue growth in the third quarter, with North America showing particularly strong performance. Additionally, Compass has agreed to acquire Vermaat Groep B.V., a leading premium food services business in Europe, for approximately €1.5 billion, subject to regulatory approval. This acquisition is expected to enhance Compass’s market positioning and expand its footprint in the European food services sector.
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 the food services industry, offering a wide range of catering and support services across various sectors. The company focuses on delivering high-quality food services and has a strong presence in North America and international markets.
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.