Ingenico: SocGen maintains its “buy” recommendation.
(CercleFinance.com) - As a reaction to an interview granted to press agencies by Ingenico's CEO, Société Générale's Philippe Lazare this morning confirmed his “buy” recommendation on the share.
The 12-month target price of 100 euros is also maintained.
In the interview, Philippe Lazare first addressed the group's intentions in terms of mergers & acquisitions. SocGen deduces from this that the payment services group may reinforce its presence in the ePayments area. This probably doesn't include China because of the tricky regulatory context, but certainly the US in order for Ingenico to distinguish itself from Verifone.
In North America, the downward trend in sales seen in the first quarter should have bottomed out for the year. In China the situation promises to be more difficult this year, which could impact the margin. The company has consequently adapted its product offer.
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.
The 12-month target price of 100 euros is also maintained.
In the interview, Philippe Lazare first addressed the group's intentions in terms of mergers & acquisitions. SocGen deduces from this that the payment services group may reinforce its presence in the ePayments area. This probably doesn't include China because of the tricky regulatory context, but certainly the US in order for Ingenico to distinguish itself from Verifone.
In North America, the downward trend in sales seen in the first quarter should have bottomed out for the year. In China the situation promises to be more difficult this year, which could impact the margin. The company has consequently adapted its product offer.
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.