Gemalto: Invest Securities cuts target price.
(CercleFinance.com) - While maintaining its "neutral" rating on Gemalto, Invest Securities has cut its target price from 45 euros to 40 euros, following the digital security specialist's interim results published last Friday.
"The main point from a detailed reading of the accounts is the deterioration in the gross margin of the mobile division, which has become a source of concern for the next publications," says the analyst which monitors the stock, who has reduced his 2017-19 EPS estimates by another 8%.
Once again, Invest Securities recommends investors steer clear from the Gemalto share and says that it is encouraged in its preference for Ingenico, which is trading at a 20% discount, with uncomparable visibility and growth momentum.
Copyright (c) 2017 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.
"The main point from a detailed reading of the accounts is the deterioration in the gross margin of the mobile division, which has become a source of concern for the next publications," says the analyst which monitors the stock, who has reduced his 2017-19 EPS estimates by another 8%.
Once again, Invest Securities recommends investors steer clear from the Gemalto share and says that it is encouraged in its preference for Ingenico, which is trading at a 20% discount, with uncomparable visibility and growth momentum.
Copyright (c) 2017 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.