|Bid||100.10 x 3000|
|Ask||0.00 x 1500|
|Day's range||85.89 - 87.26|
|52-week range||68.28 - 100.25|
|PE ratio (TTM)||22.25|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Here are three European players in the payment-services sector that one analyst says are the best bets for investors. A $10 billion deal this month has helped bring excitement to the growing sector.
“The disappearance of cash and checks is the main driver,” says Richard-Maxime Beaudoux, a Paris-based senior equity research analyst at investment bank Bryan, Garnier & Co. Global noncash transactions jumped by 11% to $433 billion in 2015, the most recent data available, and more strong growth is ahead, according to Capgemini, the consulting giant. A second key driver for the payment services sector is e-commerce ramping up worldwide, says Beaudoux—and another is a steady stream of mergers and acquisitions. Meanwhile, Beaudoux is advising Worldpay’s shareholders to “take their money and run,” as he doesn’t expect competing bids and says the deal terms look generous.
Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Payments companies have become ...