Accesso Technology Group (ACSO) Price Target Lowered to GBX 1,400 at Berenberg Bank

Accesso Technology Group (LON:ACSO) had its price target decreased by Berenberg Bank from GBX 3,000 ($39.20) to GBX 1,400 ($18.29) in a research report released on Thursday, March 28th, LSE.Co.UK reports. Berenberg Bank currently has a buy rating on the stock.

ACSO has been the subject of a number of other reports. Peel Hunt reaffirmed a buy rating on shares of Accesso Technology Group in a research note on Monday, February 4th. Numis Securities raised shares of Accesso Technology Group to a buy rating and set a GBX 1,400 ($18.29) price target for the company in a research report on Wednesday, March 27th. Finally, Canaccord Genuity raised shares of Accesso Technology Group to a buy rating and reduced their price target for the stock from GBX 3,000 ($39.20) to GBX 1,400 ($18.29) in a research report on Thursday, March 28th.

ACSO stock traded down GBX 26 ($0.34) during mid-day trading on Thursday, reaching GBX 854 ($11.16). 38,373 shares of the stock traded hands, compared to its average volume of 31,101. The company has a current ratio of 1.23, a quick ratio of 1.20 and a debt-to-equity ratio of 11.15. Accesso Technology Group has a 52-week low of GBX 700 ($9.15) and a 52-week high of GBX 3,000 ($39.20). The firm has a market capitalization of $230.50 million and a PE ratio of 72.99.

In other Accesso Technology Group news, insider Karen Slatford acquired 11,835 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were purchased at an average price of GBX 845 ($11.04) per share, with a total value of £100,005.75 ($130,675.23). Also, insider Royce Paul Noland acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average cost of GBX 980 ($12.81) per share, for a total transaction of £58,800 ($76,832.61). Insiders bought 27,835 shares of company stock valued at $24,510,575 over the last three months.

About Accesso Technology Group

accesso Technology Group plc, together with its subsidiaries, develops technology solutions for the attractions and leisure industry in the United Kingdom, other European countries, Australia, the South Pacific, the United States, Canada, and Central and South America. It offers queuing and ticketing solutions for various paid admission operations ranging from theme parks, water parks, zoos, and ski resorts to cultural attractions and sporting events.

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