Ingenico: Goldman Sachs changes to “buy”

(CercleFinance.com) - Keeping a 'neutral' rating until now on Ingenico, Goldman Sachs has now changed to 'buy' for the French electronic banking specialist's share.


The price target has been considerably raised, from 55 to 90 euros, with an upside potential of a little over 10%.

Essentially, the analysts expect the payment terminals business to “stabilise in the near term”, especially thanks to a rebound in Latin America and easing comps in Europe and North America. The accounts should also benefit from economies put in place, with Retail still showing a solid acceleration in organic growth.

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