Worldline: distinguished in sector by Invest Securities

(CercleFinance.com) - In a report on the listed payment sector in Europe, Invest Securities says that it is only a "buyer" of Worldline (having increased its target price for the share from 54 euros to 56 euros), for which it has dramatically changed its investment thesis since the takeover of SIX.


The broker explains that it is only positive about Worldline in this sector, which has seen its number of players fall significantly over the past year, after takeover bids on Worldpay, Nets and Paysafe (and the ongoing one on Gemalto), with it having benefited from a massive re-rating of payment services players.

While organic momentums remain unchanged, Invest Securities is struggling to be as optimistic as last year, considering that the M&A-factor catalyst should run out of steam in the near future, the analyst added regarding the sector.


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