UK's Genuit set for biggest gain since Dec. 2023 on JPM upgrade to 'overweight'

Genuit

09/07/2025 10:10

** Shares of British sustainable water solutions manufacturer Genuit Group GENG.L up 6.6% to 403.5 pence

** Stock set for best one-day gain since December 2023

** J.P. Morgan raises to "overweight" from "neutral"

** Raises 18-month PT to 490p from 450p, a 29.5% upside to the stock's last close on Tuesday

** JPM sees early signs of recovery, especially in new build residential

** Expects stronger performance this year from market share gains, with faster growth from late FY26/FY27on Future Homes Standard and next UK water sector investment cycle

** Avg rating of nine analysts is "buy"; 12-month median PT excluding JPM is 482.5p - data compiled by LSEG

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))