Genuit Group (LON:GEN) Trading Down 6.8% – What’s Next?

Genuit Group plc (LON:GEN) shares dropped 6.8% during trading on Tuesday . The company traded as low as GBX 242.60 and last traded at GBX 243.20. Approximately 1,559,543 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 5,203,843 shares. The stock had previously closed at GBX 261.

Wall Street Analyst Weigh In

GEN has been the subject of a number of analyst reports. Berenberg Bank reduced their price target on Genuit Group from GBX 500 to GBX 440 and set a “buy” rating for the company in a report 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 on the stock in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reduced their target price on Genuit Group from GBX 545 to GBX 440 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 332 target price on shares of Genuit Group in a report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 430.40.

Genuit Group Price 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 business has a 50-day moving average price of GBX 274.98 and a two-hundred day moving average price of GBX 312.11. The firm has a market capitalization of £647.41 million, a price-to-earnings ratio of 14.45, a PEG ratio of 3.23 and a beta of 1.49.

Genuit Group (LON:GEN) last posted its earnings results on Tuesday, March 10th. The company reported GBX 26 EPS for the quarter. Genuit Group had a return on equity of 6.89% and a net margin of 7.51%. As a group, research analysts forecast that Genuit Group plc will post 27.6836158 EPS for the current year.

Insiders Place Their Bets

In other Genuit Group news, insider Shatish D. Dasani bought 12,500 shares of the stock in a transaction that occurred 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 the stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of GBX 260 per share, for a total transaction of £16,380. Insiders have bought 40,450 shares of company stock valued at $10,786,300 in the last quarter. 4.22% 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.