Magic lies beyond Merlin for accesso, says Peel Hunt

Magic lies beyond Merlin for **accesso**, says Peel Hunt

Proac­tive Investors shared a report detail­ing bro­ker Peel Hunt’s assess­ment of acces­so Tech­nol­o­gy Group PLC (LON:ACSO), which includes the broker’s increase in tar­get price on the stock to 1,600p from 1,280p (cur­rent price: 1,308p).

Peel Hunt’s opti­mism stems from an an assess­ment that the cur­rent share price only fac­tors in upside poten­tial from its deal with enter­tain­ment giant Mer­lin Enter­tain­ments PLC (LON:MERL), and does not yet take into account the many oth­er oppor­tu­ni­ties for the group. 

Among these is the recog­ni­tion that the poten­tial glob­al theme park mar­ket is 1bn vis­i­tors per year. If acces­so was to work with all the oper­a­tors with whom it does not yet have a rela­tion­ship, exclud­ing Dis­ney, this would be a nine-fold increase in its reach, notes ana­lyst Paraag Amin. 

To read the full report, click here.