Genuit Group (LON:GEN) Shares Up 14.7% – What’s Next?

Genuit Group plc (LON:GEN) shares rose 14.7% during mid-day trading on Monday. The company traded as high as GBX 307.14 and last traded at GBX 304.85. 3,075,160 shares changed hands during trading, a decline of 41% from the average session volume of 5,236,552 shares. The stock had previously closed at GBX 265.80.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GEN. JPMorgan Chase & Co. raised their price target 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 reiterated a “buy” rating and set a GBX 440 target price on shares of Genuit Group in a report on Wednesday, August 12th. Berenberg Bank reissued a “buy” rating and set a GBX 440 target price on shares of Genuit Group in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group boosted their price target on shares of Genuit Group from GBX 332 to GBX 366 and gave the company a “buy” rating in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 439.20.

Genuit Group Stock Performance

The business has a 50-day moving average of GBX 273.85 and a two-hundred day moving average of GBX 274.66. The company has a market cap of £768.46 million, a P/E ratio of 22.75, 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.

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

Insider Activity

In other news, insider Bronagh Kennedy acquired 9,050 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 296 per share, with a total value of £26,788. 4.23% of the stock is currently owned by 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.