Shore Capital Reiterates Hold Rating for accesso Technology Group (LON:ACSO)

Key Points

• Shore Capital has reiterated a "hold" rating for accesso Technology Group (LON:ACSO), indicating a cautious stance on the stock despite its previous performance.
• Accesso's shares experienced a price target adjustment from Deutsche Bank, lowering it from GBX 700 to GBX 575 but maintaining a "buy" rating, while Berenberg Bank kept a "buy" rating with a target of GBX 550.
• The company has a market capitalization of £167.66 million and currently trades at GBX 430, with a 12-month price range between GBX 343.71 and GBX 626.

Shore Capital reissued their hold rating on shares of accesso Technology Group (LON:ACSO - Free Report) in a research note released on Tuesday morning, MarketBeat reports.

Several other research analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of accesso Technology Group from GBX 700 to GBX 575 and set a "buy" rating on the stock in a research report on Friday, July 11th. Berenberg Bank restated a "buy" rating and issued a GBX 550 price objective on shares of accesso Technology Group in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 562.50.

accesso Technology Group Trading Up 0.7%

Shares of ACSO stock traded up GBX 3 on Tuesday, hitting GBX 439. 54,743 shares of the stock traded hands, compared to its average volume of 88,424. The firm's 50-day moving average price is GBX 432.84 and its two-hundred day moving average price is GBX 460.73. The company has a debt-to-equity ratio of 11.53, a quick ratio of 2.62 and a current ratio of 1.80. The stock has a market capitalization of £171.17 million, a PE ratio of 2,011.92, a PEG ratio of 1.22 and a beta of 1.41. accesso Technology Group has a twelve month low of GBX 343.71 and a twelve month high of GBX 626.

accesso Technology Group Company Profile

At accesso we believe technology has the power to redefine the guest experience. We provide solutions that empower our clients to create connected guest experiences to drive their business forward