Genuit Group (LON:GEN) Trading Down 2% – Should You Sell?

Genuit Group plc (LON:GEN) fell 2% on Tuesday . The stock traded as low as GBX 261.20 and last traded at GBX 263.20. Approximately 1,191,477 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 5,713,250 shares. The stock had previously closed at GBX 268.60.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GEN. Deutsche Bank Aktiengesellschaft decreased their price objective on Genuit Group from GBX 545 to GBX 440 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Berenberg Bank cut their target price on Genuit Group from GBX 500 to GBX 440 and set a “buy” rating for the company in a research note on Tuesday, May 26th. JPMorgan Chase & Co. reduced their target price on Genuit Group from GBX 465 to GBX 440 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 332 price target on shares of Genuit Group in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 430.40.

Genuit Group Stock Performance

The company has a current ratio of 1.54, a quick ratio of 1.07 and a debt-to-equity ratio of 38.15. The stock has a fifty day moving average price of GBX 266.47 and a 200-day moving average price of GBX 306.13. The firm has a market capitalization of £728.40 million, a price-to-earnings ratio of 16.24, a PEG ratio of 3.23 and a beta of 1.47.

Insider Activity

In other news, insider Shatish D. Dasani acquired 12,500 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 252 per share, for a total transaction of £31,500. Also, insider Britta Giesen bought 6,300 shares of Genuit Group stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of GBX 260 per share, for a total transaction of £16,380. Insiders have purchased 22,800 shares of company stock valued at $5,824,000 over the last three months. 4.23% of the stock is owned by insiders.

About Genuit Group

Genuit Group plc is the UK’s largest provider of sustainable water, climate and ventilation products for the built environment. Genuit’s solutions allow customers to mitigate and adapt to the effects of climate change and meet evolving sustainability regulations and targets.

The Group is divided into three Business Units, each of which addresses specific challenges in the built environment:
– Climate Management Solutions – Addressing the drivers for low carbon heating and cooling, and clean and healthy air ventilation.