Ingenico: Invest Securities remains optimistic.

(CercleFinance.com) - In a note released this morning, Invest Securities reiterated its "buy" rating on Ingenico, with a target price of 105 euros, meaning upside potential of 29%.


"Since Gemalto's warning on 22 March, due to the deterioration of the US bank card market, the share price has fallen by 11%, with some investors worried about the group's 2017 guidance," the broker pointed out, which however does not share this concern, "considering that sales of handsets and smart cards are very different trades".

On the contrary, Invest Securities believes Ingenico is able to exceed our expectations and those of the consensus, thanks to ePayment and India, when it publishes its Q1 sales on 26 April.


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