Genuit Group (LON:GEN) Shares Down 13.8% Following Analyst Downgrade

Genuit Group plc (LON:GEN) dropped 13.8% during trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 540 to GBX 500. Berenberg Bank currently has a buy rating on the stock. Genuit Group traded as low as GBX 298.50 and last traded at GBX 306. Approximately 3,766,959 shares were traded during mid-day trading, an increase of 204% from the average daily volume of 1,237,439 shares. The stock had previously closed at GBX 355.

Other analysts also recently issued reports about the company. Royal Bank Of Canada raised their target price on Genuit Group from GBX 505 to GBX 520 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Jefferies Financial Group raised their price objective on shares of Genuit Group from GBX 508 to GBX 521 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Genuit Group in a research note on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 507.75.

Insiders Place Their Bets

In related news, insider Shatish D. Dasani bought 10,000 shares of the stock in a transaction on Monday, November 17th. The stock was bought at an average price of GBX 313 per share, with a total value of £31,300. Also, insider Kevin Boyd purchased 20,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were bought at an average price of GBX 312 per share, with a total value of £62,400. Insiders bought a total of 35,300 shares of company stock valued at $10,997,800 over the last 90 days. Company insiders own 4.24% of the company’s stock.

Genuit Group Price Performance

The company has a debt-to-equity ratio of 28.10, a quick ratio of 1.07 and a current ratio of 1.47. The stock has a market cap of £751.90 million, a PE ratio of 15.59, a PEG ratio of 3.23 and a beta of 1.28. The stock’s 50-day moving average is GBX 355.64 and its two-hundred day moving average is GBX 373.85.

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.