Berenberg sees 20% upside potential for accesso Technology as it starts coverage with a ‘buy.’

Berenberg sees 20% upside potential for **accesso** Technology as it starts coverage with a ‘buy.’

Proac­tive Investors shared news today that Ger­man invest­ment bank Beren­berg has ini­ti­at­ed cov­er­age of acces­so Tech­nol­o­gy group with a buy rat­ing’ and a 20% upside poten­tial to investors.

Ana­lysts from Beren­berg note that acces­so has deliv­ered a steady com­pound aver­age growth of 12% in organ­ic rev­enue since 2012, and they fore­cast this will increase to 13% from 2018 – 2020. The bank attrib­ut­es this growth, in part, to acces­sos posi­tion as the lead­ing provider of tech­nol­o­gy solu­tions for the glob­al leisure indus­try. Ana­lysts pre­dict that in the com­ing years, acces­so will take mar­ket share in its core theme park indus­try and also expand with­in the broad­er leisure industry. 

Cou­pled with the capac­i­ty to con­sol­i­date its frag­ment­ed indus­try and a scal­able busi­ness mod­el,” they remarked, We believe acces­so can grow to mul­ti­ples of its cur­rent size on a mul­ti-year view.”

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