Genuit Group (LON:GEN) Hits New 1-Year High at $452.50

Posted by James Quigley on May 2nd, 2024

Genuit Group plc (LON:GEN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 452.50 ($5.68) and last traded at GBX 444 ($5.58), with a volume of 648134 shares traded. The stock had previously closed at GBX 444 ($5.58).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 480 ($6.03) target price on shares of Genuit Group in a research note on Tuesday, March 12th.

Read Our Latest Stock Analysis on GEN

Genuit Group Trading Down 1.8 %

The stock’s fifty day moving average price is GBX 424.87 and its 200 day moving average price is GBX 379.47. The stock has a market cap of £1.07 billion, a P/E ratio of 2,920.00, a PEG ratio of 3.23 and a beta of 1.28. The company has a current ratio of 1.40, a quick ratio of 1.07 and a debt-to-equity ratio of 26.12.

Genuit Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 2nd will be paid a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date is Thursday, May 2nd. This represents a yield of 2.06%. This is a positive change from Genuit Group’s previous dividend of $4.10. Genuit Group’s payout ratio is presently 8,000.00%.

Insiders Place Their Bets

In other Genuit Group news, insider Kevin Boyd bought 11,872 shares of the stock in a transaction dated Tuesday, March 19th. The stock was purchased at an average cost of GBX 419 ($5.26) per share, for a total transaction of £49,743.68 ($62,484.21). Corporate insiders own 2.97% of the company’s stock.

About Genuit Group

(Get Free Report)

Genuit Group plc develops, manufactures, and sells water, climate, and ventilation management solutions in the United Kingdom, rest of the Europe, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage systems, rainwater solutions, and various plastic hot and cold plumbing products, as well as commercial ventilation, underfloor heating, hydronic filters, and plastic plumbing systems.