Wordline: Bryan Garnier increases target

(CercleFinance.com) - Bryan Garnier reiterates its 'Buy' recommendation and increases its fair value from 50 to 57 euros for Worldline after the payment solutions supplier published better-than-expected half-yearly results.


The broker also underlines that the process for the acquisition of SIX Payment Services is on the way to being finalised towards the end of the year, and that the forecasts for 2018 and 2019 have been reconfirmed by the Group.

Bryan Garnier estimates that Worldline is likely to complete other external growth operations (small- or medium-sized acquisitions according to the broker) and “recommends that investors play the positive dynamic”.

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