Genpact Limited (G) Receives Price Target

Genpact Limited (G) stock is expected to deviate a maximum of $3.64 from the average target price of $30.71 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $35 and the most muted being $24.

Genpact Limited (G) has an average broker rating of 2.03, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Major Brokerage house, Morgan Stanley downgrades its ratings on Genpact Limited (NYSE:G). In the latest research report, Morgan Stanley lowers the target price from $25 per share to $22 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on August 10, 2016.

Genpact Limited (NYSE:G): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.66 and $23.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.87, notching a gain of 0.89% for the day. The total traded volume was 1,183,309 . The stock had closed at $23.66 on the previous day.

Genpact Limited (Genpact) designs, transforms and runs intelligent business operations. The Companys smart enterprise processes (SEPSM) framework helps companies reimagine how they operate by integrating effective Systems of Engagement, core information technology (IT) and Data-to-Action Analytics. The Company offers various services, which include banking and financial services, insurance services, capital markets, consumer product goods services, life sciences and pharmaceutical services, infrastructure and manufacturing services, healthcare and high tech services. In addition to these services, it also offers finance and accounting (F&A) services, analytics and research, business consulting services, enterprise risk consulting, re-engineering, supply chain and procurement services, enterprise application services, IT management services and collections and customer services. Its solutions include Smart Enterprise Processes (SEP) and Genpact Digital.

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