0439 GMT - GenusPlus's bull at Bell Potter sees potential for the stock to further re-rate even after its strong start to fiscal 2027. With an unchanged buy rating on the stock, analyst Joseph House reckons that the Australian powerline construction company is modestly valued at 19.1 times estimated fiscal 2027 earnings. He tells clients in a note that he can see a multiple of between 22 and 24 times earnings if GenusPlus upgrades its guidance, maintains its strong pipeline conversion, or engages in more M&A activity. Its current fiscal 2027 guidance looks conservative to House, who holds his target price at 12.80 Australian dollars. Shares are down 4.2% at A$9.265.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.