Berenberg Bank Cuts Genuit Group (LON:GEN) Price Target to GBX 500

Genuit Group (LON:GEN) had its target price trimmed by Berenberg Bank from GBX 540 to GBX 500 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Jefferies Financial Group lifted their target price on Genuit Group from GBX 508 to GBX 521 and gave the stock a “buy” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Genuit Group in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Genuit Group from GBX 505 to GBX 520 and gave the stock an “outperform” rating in a report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Genuit Group currently has a consensus rating of “Buy” and an average target price of GBX 507.75.

Genuit Group Stock Down 0.5%

Shares of GEN stock opened at GBX 301 on Tuesday. Genuit Group has a 1 year low of GBX 293 and a 1 year high of GBX 423.39. The company has a debt-to-equity ratio of 28.10, a quick ratio of 1.07 and a current ratio of 1.47. The business’s fifty day moving average is GBX 354.82 and its 200-day moving average is GBX 373.34. The stock has a market cap of £748.17 million, a PE ratio of 15.52, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28.

Insider Buying and Selling

In related news, insider Tim Pullen purchased 2,300 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of GBX 306 per share, with a total value of £7,038. Also, insider Shatish D. Dasani purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average cost of GBX 313 per share, for a total transaction of £31,300. Over the last quarter, insiders have acquired 35,300 shares of company stock worth $10,997,800. Company insiders own 4.24% 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.