Genuit Group (LON:GEN) Stock Price Down 2% – What’s Next?

Genuit Group plc (LON:GEN) was down 2% during trading on Wednesday . The stock traded as low as GBX 259.40 and last traded at GBX 262.60. 1,859,523 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 5,540,269 shares. The stock had previously closed at GBX 268.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price objective on shares of Genuit Group in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on Genuit Group from GBX 440 to GBX 450 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 440 target price on shares of Genuit Group in a report on Wednesday, August 12th. Finally, Jefferies Financial Group increased their price target on Genuit Group from GBX 332 to GBX 366 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 439.20.

Genuit Group Trading Down 2.0%

The company has a market cap of £661.95 million, a price-to-earnings ratio of 14.75, a P/E/G ratio of 3.23 and a beta of 1.44. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.46 and a quick ratio of 1.07. The firm’s fifty day moving average price is GBX 276.50 and its 200-day moving average price is GBX 286.85.

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

Insider Buying and Selling

In other news, insider Bronagh Kennedy purchased 9,050 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of GBX 296 per share, for a total transaction of £26,788. Company insiders own 4.23% of the company’s stock.

Genuit Group Company Profile

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.