Genuit Group (LON:GEN) Shares Down 0.5%

Posted by Defense World Staff on Apr 26th, 2024

Genuit Group plc (LON:GEN – Get Free Report)’s share price was down 0.5% during trading on Thursday . The stock traded as low as GBX 421.50 ($5.21) and last traded at GBX 432 ($5.34). Approximately 749,504 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 391,849 shares. The stock had previously closed at GBX 434 ($5.36).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 480 ($5.93) price objective on shares of Genuit Group in a research report on Tuesday, March 12th.

View Our Latest Stock Report on GEN

Genuit Group Stock Down 0.5 %

The business’s 50 day moving average price is GBX 423.07 and its 200-day moving average price is GBX 375.36. The company has a debt-to-equity ratio of 26.12, a quick ratio of 1.07 and a current ratio of 1.40. The firm has a market capitalization of £1.08 billion, a PE ratio of 2,880.00, a P/E/G ratio of 3.23 and a beta of 1.28.

Genuit Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be paid a dividend of GBX 8.30 ($0.10) per share. This represents a yield of 2.06%. This is a boost from Genuit Group’s previous dividend of $4.10. The ex-dividend date of this dividend is Thursday, May 2nd. Genuit Group’s dividend payout ratio is 8,000.00%.

Insider Transactions at Genuit Group

In other news, insider Kevin Boyd bought 11,872 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of GBX 419 ($5.18) per share, with a total value of £49,743.68 ($61,442.29). Company insiders own 3.01% of the company’s stock.

About Genuit Group

(Get Free Report)

Genuit Group plc develops, manufactures, and sells water, climate, and ventilation management solutions in the United Kingdom, rest of the Europe, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage systems, rainwater solutions, and various plastic hot and cold plumbing products, as well as commercial ventilation, underfloor heating, hydronic filters, and plastic plumbing systems.