Compass Group - Buying the dip to the long term trend line.
Buy Compass Group (CPG.L)
Compass Group PLC provides food and support services. The Company's segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
Market Cap: £31.19Billion
Compass is trading in a fantastic long-term uptrend and this is showing no signs of stopping. The latest correction appears to have found some buying support at the long-term trend line. We expect the shares to rally towards the upper end of the corrective channel before eventually breaking higher towards new highs.
Stop: 1890p
Target 1: 2050p
Target 2: 2145p
Target 3: 2250p
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Compass Group PLC provides food and support services. The Company's segments include North America, Europe, Rest of World and Central activities. The Europe segment includes Turkey and Russia. The Rest of World segment includes Japan. The Company delivers services in sectors, including business and industry; healthcare and seniors; education; defense, offshore and remote, and sports and leisure.
Market Cap: £31.19Billion
Compass is trading in a fantastic long-term uptrend and this is showing no signs of stopping. The latest correction appears to have found some buying support at the long-term trend line. We expect the shares to rally towards the upper end of the corrective channel before eventually breaking higher towards new highs.
Stop: 1890p
Target 1: 2050p
Target 2: 2145p
Target 3: 2250p
Interested in UK Stocks?
Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me/UK_Stocks