0014 GMT - GenusPlus's purchase of rail service provider Railtrain for an initial A$36.5 million is "another great acquisition," Bell Potter says. The deal solidifies GenusPlus's track record of delivering a highly accretive M&A strategy that complements strong growth from assets it already owns, analyst Joseph House says. An acquisition multiple of 2.75X Ebitda, which assumes an additional payment of A$18.5 million is made as Railtrain achieves performance milestones, looks attractive. Other positives are an enhanced Ebitda margin outlook for GenusPlus and an immediate boost to earnings, Bell Potter says. Its price target lifts 5.6% to A$9.50/share. GenusPlus is down 1.2% at A$8.10 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
March 04, 2026 19:14 ET (00:14 GMT)
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