Genuit Group (LON:GEN) Trading 1.1% Higher – Still a Buy?

Shares of Genuit Group plc (LON:GEN) shot up 1.1% during mid-day trading on Wednesday . The stock traded as high as GBX 270 and last traded at GBX 265.06. 530,443 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 6,263,280 shares. The stock had previously closed at GBX 262.20.

Wall Street Analyst Weigh In

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

Genuit Group Stock Performance

The firm has a market capitalization of £680.10 million, a PE ratio of 15.16, a price-to-earnings-growth ratio of 3.23 and a beta of 1.46. 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’s 50 day simple moving average is GBX 261.96 and its two-hundred day simple moving average is GBX 299.81.

Insider Buying and Selling

In other news, insider Britta Giesen acquired 6,300 shares of Genuit Group stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of GBX 260 per share, for a total transaction of £16,380. Also, insider Shatish D. Dasani bought 12,500 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of GBX 252 per share, for a total transaction of £31,500. Insiders bought 22,800 shares of company stock valued at $5,824,000 over the last 90 days. Company insiders own 4.23% of the company’s stock.

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.