Tobias Woerner, an analyst from Stifel Nicolaus, reiterated the Buy rating on Geberit AG (GEBN – Research Report). The associated price target was raised to CHF625.00.
Tobias Woerner has given his Buy rating due to a combination of factors that highlight Geberit AG’s strong market position and growth potential. The company is recognized for its operational excellence, innovative products, and the ability to add value to its customers, which are key drivers of its consistent market outperformance and pricing power. Geberit’s product pipeline is robust, with initiatives like Geberit Flowfit and SuperTube showing significant penetration in Europe and India, respectively. Additionally, the company’s concealed cisterns and WC initiatives are contributing to reaccelerating growth, with potential for significant market expansion.
Moreover, the German market, which is Geberit’s largest, is showing signs of stabilization and recovery, contributing to a positive earnings momentum. The company’s financial health is strong, with sector-leading margins, cash generation, and returns, allowing for self-funded growth and capital returns to shareholders. Woerner believes that the market underestimates Geberit’s growth history and future potential, positioning it as a company that could significantly expand its revenue over the next decade. This combination of factors supports the Buy rating and the raised price target for Geberit’s stock.
In another report released on March 17, Kepler Capital also maintained a Buy rating on the stock with a CHF650.00 price target.