Canaccord Genuity starts Beauty Tech Group at 'buy'
By Iain Gilbert
Date: Monday 27 Jul 2026
(Sharecast News) - Canaccord Genuity initiated coverage of Beauty Tech Group with a 'buy' rating and 545p target price on Monday, highlighting what it called one of the strongest pure‑play beauty‑technology platforms globally.
Canaccord Genuity said Beauty Tech's three brands - CurrentBody Skin, ZIIP Beauty and Tria Laser - give it exposure across all four major at‑home device technologies, positioning it well in a fast‑growing, underpenetrated £9bn to £12bn market.
The Canadian bank pointed to multiple growth drivers, including a multi‑brand, multi‑technology model, in‑house research and development, clinical validation and a global D2C infrastructure.
Canaccord said CurrentBody Skin remains the core engine, but highlighted that ZIIP was set for a step‑change from FY27, and that Tria offered longer‑term upside, supported by more than 40 products in development.
The broker also flagged Beauty Tech's strengthened balance sheet, strong cash generation and rapid financial growth - with revenue rising from £50.8m in FY22 to £141m in FY25 - and argued that the shares trade at a material discount to peers despite superior growth and margins.
Reporting by Iain Gilbert at Sharecast.com
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