Peel Hunt retained its buy rating on Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) plc stock after the solutions provider to the leisure and entertainment sector adjusted its full-year guidance.
Although certain new projects for Accesso Horizon in the Middle East have been delayed (alongside main customer Six Flags in the US seeing lower recent footfall), Peel Hunt pointed out that accesso “does not perceive increased risk to the overall completion of these projects or their overall contractual value”.
“The group balance sheet remains robust,” added Peel Hunt, with a net cash position of $23.3 million as of 31 July.
Analysts gave the stock a 1,035p price target against a current spot price of 510p.