Genuit Group (LON:GEN) Trading Up 1.9% – What’s Next?

Genuit Group plc (LON:GEN) shares were up 1.9% on Thursday . The stock traded as high as GBX 304.40 and last traded at GBX 302.40. Approximately 846,071 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 5,789,310 shares. The stock had previously closed at GBX 296.80.

Analysts Set New Price Targets

GEN has been the topic of a number of recent research reports. Jefferies Financial Group restated a “buy” rating and set a GBX 332 price target on shares of Genuit Group in a research note on Tuesday, May 26th. Berenberg Bank lowered their target price on shares of Genuit Group from GBX 500 to GBX 440 and set a “buy” rating on the stock in a report on Tuesday, May 26th. JPMorgan Chase & Co. dropped their target price on Genuit Group from GBX 465 to GBX 440 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Genuit Group from GBX 545 to GBX 440 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 430.40.

Genuit Group Price Performance

The business’s 50-day moving average price is GBX 269.39 and its 200 day moving average price is GBX 294.66. The company has a market capitalization of £790.51 million, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 3.23 and a beta of 1.46. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 38.15.

Insiders Place Their Bets

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