• Mark Watson-Mitchell

Accesso: Still worth joining the queue, says Shore Capital

Accesso Technology Group (ACSO) has momentum behind it and margins are climbing, says Shore Capital.


Analyst Katie Cousins maintained her ‘buy’ recommendation and set a rough ‘fair value’ target price of £9 on the stock, which closed up 3% at 558p on Monday.


Friday’s interim results ‘highlighted strong double-digit growth along with improved profitability within the period’.


‘Operational momentum was clear with several contract renewals being announced and we were pleased to hear that, so far, the group has not observed a negative movement in its marketplace,’ said Cousins.


A specialist in virtual queuing systems, Cousins highlighted an opportunity for the business to target ski resorts and cross-selling the product set.


She raised revenue estimates and said there was ‘scope’ for further increases, depending on how costly the integration of the latest acquisition is, but pre-tax profit margins should return to 20% by 2025.


Source: citywire.co.uk

Recent Posts

See All

Hollywood Bowl (BOWL) is too cheap considering the ten-pin bowling operator continues to outperform, says Berenberg. Analyst Owen Shirley retained his ‘buy’ recommendation and target price of 350p on

Ventilation group Volution (FAN) has delivered strong 2022 numbers and Berenberg believes this puts it on track to narrow the valuation gap with its European peers. Analyst Lushanthan Mahendrarajah re

An improvement in the construction sector bodes well for building products manufacturer Tyman (TYMN), says Jefferies. Analyst Vanessa Jeffriess reiterated her ‘buy’ recommendation and target price of