Analysts at City broker Shore Capital Markets reaffirmed their buy stance on Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) following a revision to the theme park services provider’s full-year guidance.
accesso tightened guidance to between $150 million and $153 million, down from the $160 million forecasted in April.
This adjustment came in response to delays in specific new park openings and lower-than-expected consumer trading volumes during the peak summer months.
“There has been tough trading across key end markets, in particular, low volumes during July (a peak period), as well as delays to accesso Horizon projects in the Middle East,” noted broker Shore Capital Markets.
“Whilst mindful of this update, we see potential in new international markets, the ongoing consumer digitalisation trend and a model that is comfortably supported by cash,” added analysts.
The broker sees a fair value of 710p per share on the stock, representing a near 40% upside to current trading levels.