JPMorgan Chase & Co. Cuts Genuit Group (LON:GEN) Price Target to GBX 440

Genuit Group (LON:GEN) had its target price reduced by equities researchers at JPMorgan Chase & Co. from GBX 465 to GBX 440 in a report issued on Tuesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 69.88% from the stock’s previous close.

A number of other research firms have also weighed in on GEN. Jefferies Financial Group restated a “buy” rating and set a GBX 388 price target on shares of Genuit Group in a research report on Friday, May 15th. Berenberg Bank lowered their price target on shares of Genuit Group from GBX 500 to GBX 440 and set a “buy” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 442.

Genuit Group Stock Up 0.5%

GEN stock opened at GBX 259 on Tuesday. The stock has a market capitalization of £651.94 million, a P/E ratio of 14.55, a P/E/G ratio of 3.23 and a beta of 1.49. The firm has a 50-day simple moving average of GBX 280.55 and a 200-day simple moving average of GBX 317.25. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 38.15. Genuit Group has a 52 week low of GBX 241 and a 52 week high of GBX 409.

Genuit Group (LON:GEN) last released its earnings results on Tuesday, March 10th. The company reported GBX 26 EPS for the quarter. Genuit Group had a net margin of 7.51% and a return on equity of 6.89%. Equities analysts forecast that Genuit Group will post 27.6836158 earnings per share for the current fiscal year.

Insider Transactions at Genuit Group

In other Genuit Group news, insider Joe Vorih purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of GBX 281 per share, for a total transaction of £42,150. Also, insider Tim Pullen purchased 2,650 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of GBX 282 per share, for a total transaction of £7,473. Insiders own 4.22% 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.