Ingenico: Invest Securities plays stock's speculative appeal
(CercleFinance.com) - Parisian broker Invest Securities confirms its optimism on the Ingenico stock, on which it maintains a buy rating.
The broker has raised its target price from 74 euros to 78 euros, meaning upside potential of over 15%.
Analysts have reacted to the announcement of the departure of Philippe Lazare, group CEO since 2010. While the Board of Directors is studying its strategic options, we believe that the forced departure of Mr. Lazare opens the way to a radical strategic decision that should crystallise a value that is well above current levels - particularly for the Payment Terminals business, Invest Securities believes.
The broker adds in its report that the stock has never had such a level of speculative appeal.
Copyright (c) 2018 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 broker has raised its target price from 74 euros to 78 euros, meaning upside potential of over 15%.
Analysts have reacted to the announcement of the departure of Philippe Lazare, group CEO since 2010. While the Board of Directors is studying its strategic options, we believe that the forced departure of Mr. Lazare opens the way to a radical strategic decision that should crystallise a value that is well above current levels - particularly for the Payment Terminals business, Invest Securities believes.
The broker adds in its report that the stock has never had such a level of speculative appeal.
Copyright (c) 2018 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.