Worldline: Bryan Garnier nudges up target price
(CercleFinance.com) - Bryan Garnier has confirmed its "buy" rating on the Worldline stock and has inched up its fair value from 42 euros to 43 euros, adding that a transformative acquisition, such as SIX Payment Services, could add seven euros to the share price.
The broker says that it firmly believes that Worldline is currently in a good position to take over SIX Payment Services (the winner could be announced this summer, with the deal finalised at the end of the year.
Before Q1 sales are unveiled (on 24 April) - which Bryan Garnier expects to grow by 5% like-for-like - it expects an acceleration over the year (between +5% and +6 % in the first half, rising to between +6% and +7% in the second half).
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 says that it firmly believes that Worldline is currently in a good position to take over SIX Payment Services (the winner could be announced this summer, with the deal finalised at the end of the year.
Before Q1 sales are unveiled (on 24 April) - which Bryan Garnier expects to grow by 5% like-for-like - it expects an acceleration over the year (between +5% and +6 % in the first half, rising to between +6% and +7% in the second half).
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.