Wirecard: Invest Securities raises target price again.
(CercleFinance.com) - Invest Securities has confirmed its "buy" recommendation on Wirecard and has further increased its target price from 70 euros to 74 euros.
.. already after increasing it five times since the start of 2017.
The analyst explained that the group management's comments on the conservative nature of the guidelines (for 2017 and particularly 2020) lead the broker to include new increases in the coming months in its estimates.
He points out that, once again in the second quarter, the German payment solutions group showed an impressive organic growth momentum, boosted by acquisitions that have been integrated faster than expected.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
.. already after increasing it five times since the start of 2017.
The analyst explained that the group management's comments on the conservative nature of the guidelines (for 2017 and particularly 2020) lead the broker to include new increases in the coming months in its estimates.
He points out that, once again in the second quarter, the German payment solutions group showed an impressive organic growth momentum, boosted by acquisitions that have been integrated faster than expected.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.