Genuit Group (LON:GEN) Shares Down 13.8% Following Analyst Downgrade

Genuit Group plc (LON:GEN) shares fell 13.8% during mid-day trading on Tuesday after Berenberg Bank lowered their price target on the stock from GBX 540 to GBX 500. Berenberg Bank currently has a buy rating on the stock. Genuit Group traded as low as GBX 298.50 and last traded at GBX 306. 3,766,959 shares changed hands during mid-day trading, an increase of 204% from the average session volume of 1,237,439 shares. The stock had previously closed at GBX 355.

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

Insider Activity

In other Genuit Group news, insider Kevin Boyd bought 20,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were acquired at an average cost of GBX 312 per share, for a total transaction of £62,400. Also, insider Joe Vorih bought 3,000 shares of Genuit Group stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of GBX 308 per share, with a total value of £9,240. In the last three months, insiders have bought 35,300 shares of company stock worth $10,997,800. Corporate insiders own 4.24% of the company’s stock.

Genuit Group Price Performance

The company has a fifty day moving average of GBX 355.64 and a 200 day moving average of GBX 373.85. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 28.10. The company has a market cap of £751.90 million, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28.

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.