Wirecard: Oddo BHF upgrades to 'buy'

(CercleFinance.com) - Oddo BHF has upgraded its rating on the Wirecard stock from "neutral" to "buy," with a target price of 230 euros, following the German payment solutions group's presentation of the targets in its Vision 2025 plan, at its Innovation Day.


The broker points out that these 2025 targets (even though the group's CEO repeatedly considered them as "conservative") are 35% higher than its forecasts, although it considers it difficult to calculate the chances of the group managing to reach these targets, which are a long way off.

However, the broker recognises that the group's track record group is excellent and that the next two or three years should be very dynamic, with the arrival of volumes from Credit Agricole and Mizuho on the group's single platform, the analyst said.



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.