Peel Hunt repeated its 'buy' recommendation on accesso Technology Group PLC with a target price of 1,035p following a trading update from the group in which it announced 18 new strategic agreements for its attractions technology.
The new agreements, for products such as Passport, Siriusware and ShoWare, are a positive indication of the continued new business momentum that has been enjoyed, investors were told.
Passport, a product that allows visitors to pre-book tickets and plan their visit, will be used by 10 of the new clients.
Out of these 10 clients, five of them will also use Siriusware, which is a cloud-based platform that helps venues to manage their operations.
Of the three banks and brokers logged by Proactive as following accesso, all are ‘buyers’. The consensus price target is £10.12, which represents a 25% premium to the current share price of 810p.