Compass Group (CPG)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

2,189.00p
   
  • Change Today:
    -28.00p
  • 52 Week High: 2,323.00
  • 52 Week Low: 1,945.50
  • Currency: UK Pounds
  • Shares Issued: 1,702.32m
  • Volume: 8,415,819
  • Market Cap: £37,264m
  • RiskGrade: 212

JPMorgan upgrades Whitbread, InterContinental Hotels

By Michele Maatouk

Date: Tuesday 20 Oct 2020

LONDON (ShareCast) - (Sharecast News) - JPMorgan Cazenove upgraded Premier Inn owner Whitbread and InterContinental Hotels on Tuesday as it took a look at hotels and caterers, saying that within hotels, concerns over the future of business travel are overdone versus expectations being complacent on the future of on-site catering.
JPM upped Whitbread to 'neutral' from 'underweight' and lifted the price target to 2,400p from 2,050p. The same rating upgrade was applied to IHG, with a price target change to 4,400p from 3,350p.

Accor was lifted to 'overweight' from 'underweight', with the price target raised to €30 from €22.

JPM said that six months into Covid-19, its preference within leisure has shifted to hotels over caterers.

"We now have a better understanding of the cyclical pressure versus structural change in hotels versus catering, respectively. Simply, we trust that the hoteliers will get back to previous profitability levels, and quicker, whilst we have reservations for the caterers where the pandemic will likely trigger unprecedented changes to the longer term business models," it said.

"Ultimately, this will trigger a revenue and profitability reset below market expectations, in our view."

JPM noted that France's Accor has streamlined costs and simplified its business, and said its sound balance sheet should support small/midscale M&A, allowing the company to emerge from the crisis stronger.

"We think IHG is a high quality business and management, whilst risks around Whitbread, are now both priced-in."

JPM maintained its rating on caterer Compass at 'underweight'.

At 1405 BST, Whitbread shares were up 2% at 2,300p, while IHG shares were 2.4% higher at 4,281p. Accor was up 5.7% at €24.25.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Compass Market Data

Currency UK Pounds
Share Price 2,189.00p
Change Today -28.00p
% Change -1.26 %
52 Week High 2,323.00
52 Week Low 1,945.50
Volume 8,415,819
Shares Issued 1,702.32m
Market Cap £37,264m
RiskGrade 212

Compass Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.97% below the market average96.97% below the market average96.97% below the market average96.97% below the market average96.97% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average
67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average
Income
80.58% below the market average80.58% below the market average80.58% below the market average80.58% below the market average80.58% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Growth
83.29% above the market average83.29% above the market average83.29% above the market average83.29% above the market average83.29% above the market average
13.21% above the sector average13.21% above the sector average13.21% above the sector average13.21% above the sector average13.21% above the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 8
Sell 1
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Compass Dividends

  Latest Previous
  Interim Final
Ex-Div 13-Jun-24 18-Jan-24
Paid 25-Jul-24 29-Feb-24
Amount 20.70¢ 28.10p

Trades for 17-Jun-2024

Time Volume / Share Price
14:44 189 @ 2,189.00p
14:44 2 @ 2,189.00p
14:43 8 @ 2,189.00p
14:43 872 @ 2,189.00p
14:43 228 @ 2,189.00p

Compass Key Personnel

CEO Dominic Blakemore
COO Palmer Brown
CFO Petros Parras

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