UPDATE: Jefferies Starts Genpact Ltd. (G) at Hold

January 26, 2022 4:31 AM EST
Get Alerts G Hot Sheet
Price: $45.64 --0%

Rating Summary:
    13 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 8
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(Updated - January 26, 2022 7:59 AM EST)

Jefferies analyst Surinder Thind initiates coverage on Genpact Ltd. (NYSE: G) with a Hold rating and a $54 price target.

The analyst commented, "We initiate on Genpact at Hold. With industry demand for BPO and transformation services at record levels, further improvement in the company's topline organic growth from current above pre-pandemic levels will likely be modest at best. Meanwhile, wage inflation and elevated attrition are headwinds unlikely to disappear in the year ahead and should keep margins in check. Valuation is not cheap with a PEG ratio near the top of its peer group."

For an analyst ratings summary and ratings history on Genpact Ltd. click here. For more ratings news on Genpact Ltd. click here.

Shares of Genpact Ltd. closed at $48.46 yesterday.

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