Worldline: SG no longer a buyer.

(CercleFinance.com) - Société Générale (SG) has downgrated its buy rating on the electronic payments specialist Worldline, which recently unveiled its quarterly sales, now adopting a hold rating.


Although their analysts welcome "a good start of the year," "potential upside narrows," the broker points out in a report. The broker maintains its 12-month target price at 31 euros.

As a subsidiary of Atos, Worldline reported Q1 2017 sales of 374.3 million euros, meaning organic growth of 1.4%, with the group confirming its annual forecasts.

"Q1 2017 sales grew faster than we expected and the outlook for the rest of the year looks promising," said SG.


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