Worldline: Oddo raises target price.
(CercleFinance.com) - Oddo BHF has announced this morning that it is raising its target price for the Worldline stock to 45 euros (vs.
40 euros).
The broker's analysts also confirm their buy rating on the stock, after the group's acquisition of all of the capital of an Indian payment platform MRL PosNet.
This transaction is for a maximum amount of about 89 million euros. It will be financed by Worldline's free cash.
The group has also raised its forecasts over the period 2017/2019.
Oddo BHF indicates that Worldline is still its best price in its sector in France.
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.
40 euros).
The broker's analysts also confirm their buy rating on the stock, after the group's acquisition of all of the capital of an Indian payment platform MRL PosNet.
This transaction is for a maximum amount of about 89 million euros. It will be financed by Worldline's free cash.
The group has also raised its forecasts over the period 2017/2019.
Oddo BHF indicates that Worldline is still its best price in its sector in France.
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.