Australia’s Generation Development rebounds after sell‑off; Jefferies reaffirms Buy

Generation Development

23/04/2026 02:28

** Generation Development GDG.AX rises as much as 4.8% to A$3.73, its strongest intraday advance since April 14, recovering some losses from Wednesday’s 22.6% fall

** Life investment products provider's shares at A$3.73 sit below the 50‑day moving avg, and are among the top performers on the financial subindex .AXFJ, which is down 0.8%

** Jefferies attributes GDG’s recent sell‑off to the timing of mandate conversions, not the company’s underlying performance

** Brokerage adds that co's other businesses continue to impress, prompting it to reaffirm a 'Buy' rating while lowering its PT to A$6.35 from A$7.55

** GDG has fallen 38% so far this year, underperforming the AXFJ’s 2.4% rise

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))