Cowen & Co. Sticks to Its Buy Rating for Genpact Limited (G)


Cowen & Co. analyst Bryan Bergin reiterated a Buy rating on Genpact Limited (G) today and set a price target of $35. The company’s shares closed yesterday at $27.40, close to its 52-week low of $26.46.

According to TipRanks.com, Bergin is a 4-star analyst with an average return of 15.8% and a 70.6% success rate. Bergin covers the Technology sector, focusing on stocks such as DXC Technology Company, Virtusa Corp, and Endava Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Genpact Limited with a $35.20 average price target, a 28.5% upside from current levels. In a report issued on October 31, Robert W. Baird also maintained a Buy rating on the stock with a $36 price target.

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The company has a one-year high of $34.79 and a one-year low of $26.46. Currently, Genpact Limited has an average volume of 681.7K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Genpact Ltd. engages in the business process management, outsourcing, shared services, and information outsourcing. It focuses on designing and running intelligent operations and providing digital-led solutions. The company was founded by Pramod Bhasin in 1997 and is headquartered in Hamilton, Bermuda.

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