Genuit Group (LON:GEN) Price Target Raised to GBX 450

Genuit Group (LON:GEN) had its target price lifted by JPMorgan Chase & Co. from GBX 440 to GBX 450 in a research report sent to investors on Wednesday morning,Digital Look reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities analysts also recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 332 target price on shares of Genuit Group in a research report on Tuesday, May 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 440 price objective on shares of Genuit Group in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Genuit Group from GBX 545 to GBX 440 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 439.20.

Genuit Group Stock Up 0.7%

Shares of LON:GEN opened at GBX 285.02 on Wednesday. The company has a fifty day moving average of GBX 273.24 and a 200-day moving average of GBX 293.44. The company has a market capitalization of £718.48 million, a PE ratio of 16.01, a price-to-earnings-growth ratio of 3.23 and a beta of 1.44. The company has a debt-to-equity ratio of 36.63, a quick ratio of 1.07 and a current ratio of 1.46. Genuit Group has a 52-week low of GBX 241 and a 52-week high of GBX 391.50.

Genuit Group (LON:GEN) last announced its quarterly earnings results on Tuesday, August 11th. The company reported GBX 10.50 EPS for the quarter. Genuit Group had a return on equity of 5.19% and a net margin of 5.60%. On average, equities analysts predict that Genuit Group will post 27.6836158 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bronagh Kennedy acquired 9,050 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of GBX 296 per share, for a total transaction of £26,788. Also, insider Britta Giesen acquired 6,300 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of GBX 260 per share, with a total value of £16,380. Over the last quarter, insiders have bought 31,850 shares of company stock worth $8,502,800. Corporate insiders own 4.23% of the company’s stock.

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.