Jefferies raises operating earnings estimate for NZ's Gentrack, hikes PT

Gentrack

18/05/2026 22:33

** Jefferies raises PT on New Zealand's Gentrack Group GTK.NZ to NZ$4.4, up 5.5% from previous target

** Brokerage upgrades EBITDA estimates for the utilities provider by an average 5% over FY26-28, driven by lower operating expenditure assumptions following 1H26 results

** Says GTK's 1H26 net profit after tax was ahead of its estimates and VA consensus

** Jefferies, however, remains cautious on delayed delivery of customer wins and no further contract wins, reiterates "hold" rating on stock

** Five of 10 analysts rate the stock "buy", four "hold" and one "sell"; median PT is NZ$6.12 - data compiled by LSEG

** Shares down 53.1% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))