Genuit Group (LON:GEN) Stock Price Down 2% – Time to Sell?

Genuit Group plc (LON:GEN) shares dropped 2% on Tuesday . The stock traded as low as GBX 261.20 and last traded at GBX 263.20. 1,191,477 shares were traded during trading, a decline of 79% from the average daily volume of 5,713,250 shares. The stock had previously closed at GBX 268.60.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GEN shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Genuit Group from GBX 545 to GBX 440 and set a “buy” rating for the company in a report on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and set a GBX 332 target price on shares of Genuit Group in a research report on Tuesday, May 26th. Berenberg Bank reduced their target price on shares of Genuit Group from GBX 500 to GBX 440 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Genuit Group from GBX 465 to GBX 440 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average 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 stock has a market cap of £663.23 million, a PE ratio of 14.79, a PEG ratio of 3.23 and a beta of 1.47. The business has a 50-day moving average price of GBX 267.06 and a 200 day moving average price of GBX 306.54.

Insider Activity at Genuit Group

In other Genuit Group news, insider Tim Pullen bought 4,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of GBX 259 per share, for a total transaction of £10,360. Also, insider Shatish D. Dasani bought 12,500 shares of Genuit Group stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of GBX 252 per share, with a total value of £31,500. In the last three months, insiders have bought 22,800 shares of company stock worth $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.