Encore 21% de potentiel à court terme - ACHAT, OC 105€
Après être repassé à l’ACHAT lors de la publication des résultats 2016 le 24 février, nous revoyons la thèse d’investissement lors de cette étude d’actualisation. En détaillant les différents leviers (Japon, Inde, 2ème phase de migration EMV aux US) et risques (Chine, Brésil), nous avons le sentiment que le groupe dispose d’une meilleure visibilité et pourrait surprendre à nouveau positivement lors des prochaines publications. Alors que nos estimations ne sont que marginalement ajustées (<1% sur les BNA 2017-19e), notre opinion ACHAT est confortée et notre objectif porté de 94€ à 105€ pour tenir compte principalement de la meilleure visibilité.Ingenico Group is a business technology company, operating in 125 countries. Co. designs, develops and supplies payment terminals, offering mercantile payment solutions, cross-border and global payment services and certified global service platform. Co.'s services are done around Payment terminals and software; Terminal estate management, security application updates; Connectivity ensuring the terminal-to-bank host connection; Full after-sales service taking charge of every phase in the lifecycle of terminals and software; 24/7, from installation, maintenance & repair to upgrades; Centralization of transactions; End-to-end security - from terminal to bank or processor..
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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