Genuit Group (LON:GEN) Shares Up 1.1% – Still a Buy?

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

Analyst Ratings Changes

A number of brokerages have weighed in on GEN. Jefferies Financial Group reiterated a “buy” rating and set a GBX 332 target price on shares of Genuit Group in a research note on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on Genuit Group from GBX 465 to GBX 440 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Genuit Group from GBX 545 to GBX 440 and set a “buy” rating for the company in a report on Tuesday, May 26th. Finally, Berenberg Bank reduced their price objective on Genuit Group from GBX 500 to GBX 440 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Five 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 430.40.

Genuit Group Stock Up 1.1%

The company’s 50 day moving average price is GBX 261.84 and its two-hundred day moving average price is GBX 300.17. The firm has a market cap of £668.14 million, a PE ratio of 14.89, a PEG 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.

Insider Buying and Selling at Genuit Group

In related news, insider Shatish D. Dasani acquired 12,500 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of GBX 252 per share, with a total value of £31,500. Also, insider Tim Pullen acquired 4,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of GBX 259 per share, for a total transaction of £10,360. Over the last quarter, insiders purchased 22,800 shares of company stock valued at $5,824,000. 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.