Genuit Group (LON:GEN) Stock Price Up 1.9% – Here’s Why

Genuit Group plc (LON:GEN) was up 1.9% during trading on Thursday . The company traded as high as GBX 304.40 and last traded at GBX 302.40. Approximately 846,071 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,789,310 shares. The stock had previously closed at GBX 296.80.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Genuit Group from GBX 545 to GBX 440 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Berenberg Bank cut their price objective on shares of Genuit Group from GBX 500 to GBX 440 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. JPMorgan Chase & Co. reduced their target price on shares of Genuit Group from GBX 465 to GBX 440 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 332 target price on shares of Genuit Group in a research report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Genuit Group presently has an average rating of “Buy” and an average price target of GBX 430.40.

Genuit Group Trading Up 1.9%

The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 38.15. The company’s 50-day moving average is GBX 268.33 and its 200 day moving average is GBX 294.53. The company has a market cap of £762.28 million, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.23 and a beta of 1.46.

Insider Transactions at Genuit Group

In other Genuit Group news, insider Tim Pullen bought 4,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of GBX 259 per share, for a total transaction of £10,360. Also, insider Britta Giesen bought 6,300 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of GBX 260 per share, for a total transaction of £16,380. Insiders have bought a total of 22,800 shares of company stock valued at $5,824,000 in the last ninety days. 4.23% of the stock is currently owned by corporate 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.