La convergence online/in-store au cœur de la stratégie - ACHAT, OC 128€
La présentation des dernières innovations a permis de matérialiser la stratégie consistant à ne plus vendre uniquement des terminaux de paiement, mais des expériences de paiement, tant pour le commerce en boutique que via mobile ou Internet. Compte tenu de la mutation lente de cette industrie, ces éléments ne devraient pas se traduire rapidement en termes financiers. Cette approche globale devrait offrir à Ingenico un avantage compétitif certain face à des « pure players ». Alors que le titre a sensiblement sous-performé récemment après l’épisode Worldpay et la perte du contrat chez GlobalCollect (-12,4% vs Euro Stoxx 50 depuis 3 mois), nous réitérons notre opinion à ACHAT et notre objectif de 128€ (+18,5%), avec pour prochain catalyseur la présentation du plan stratégique en février 2016.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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