Genuit Group (LON:GEN) Stock Gets Price Target Reduction from Berenberg Bank

Genuit Group (LON:GEN) had its target price reduced by Berenberg Bank from GBX 370 to GBX 320 in a report issued on Friday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Genuit Group from GBX 440 to GBX 450 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating and set a GBX 366 price objective on shares of Genuit Group in a research report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Genuit Group from GBX 440 to GBX 400 and set a “buy” rating on the stock in a research note on Wednesday, October 21st. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat, Genuit Group presently has a consensus rating of “Buy” and an average price target of GBX 407.20.

Genuit Group Stock Up 0.7%

Shares of LON GEN opened at GBX 253.80 on Friday. The firm has a market capitalization of £639.77 million, a price-to-earnings ratio of 18.94, a PEG ratio of 3.23 and a beta of 1.38. The company has a debt-to-equity ratio of 36.63, a quick ratio of 1.07 and a current ratio of 1.46. Genuit Group has a 52-week low of GBX 239.32 and a 52-week high of GBX 391.50. The stock has a 50 day moving average price of GBX 273.02 and a 200 day moving average price of GBX 272.37.

Genuit Group (LON:GEN) last released its earnings results on Tuesday, August 11th. The company reported GBX 10.50 earnings per share for the quarter. Genuit Group had a net margin of 5.60% and a return on equity of 5.19%. Sell-side analysts expect that Genuit Group will post 27.68 earnings per share for the current year.

Insiders Place Their Bets

In other Genuit Group news, insider Bronagh Kennedy bought 9,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of GBX 296 per share, with a total value of £26,788. 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.