Berenberg initiates coverage of JDC Group

German investment bank Berenberg has initiated coverage of Gerlin Participaties holding JDC Group with a Buy rating and a price target of €36 (approx. 70% above the current share price).

A notable milestone for JDC Group, and an important step towards broader visibility in the European small-cap market. Berenberg Capital Markets has strong relationships with European small-cap investors, so this initiation can help bring JDC Group's story to the attention of a wider group of institutional investors.

JDC Group is a leading digital platform for the administration and distribution of insurance contracts in Germany. With a high share of recurring revenue, scalable technology and clear growth opportunities within insurance and beyond, we see the company as an interesting compounder within German financial services.

As a long-term shareholder, we have advocated for greater visibility among institutional investors, and we are pleased that JDC Group's strong fundamental story is now also being highlighted by a reputable firm such as Berenberg.