UK's Compass Group falls; Barclays sets new PT after share currency change

Compass

10/04/2026 09:18

** Shares of food catering firm Compass Group CPG.L down 3% at $27.3

** Top loser on FTSE 100 .FTSE index, which is up 0.2%

** Reuters was not able to immediately ascertain reason for CPG's loss

** Meanwhile, Barclays sets new PT at $42 after CPG changes currency of ordinary shares on LSE from pounds to U.S. dollars; keeps rating at "overweight"

** Expects net new business in Q2 to be "somewhat lower" as adverse U.S. winter weather delays contracts, but momentum to pick up in H2

** 14 of 22 analysts rate the stock "buy" or higher, six "hold", and two "sell" or lower - data compiled by LSEG

** YTD, CPG down about 13%, .FTSE up 7%

(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))