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.