Shares of Genuit Group plc (LON:GEN – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 452.50 ($5.68) and last traded at GBX 444 ($5.58), with a volume of 648134 shares traded. The stock had previously closed at GBX 444 ($5.58).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 480 ($6.03) price objective on shares of Genuit Group in a research report on Tuesday, March 12th.
Genuit Group Stock Performance
Genuit Group Increases Dividend
The company also recently announced a dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 2nd will be paid a GBX 8.30 ($0.10) dividend. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, May 2nd. This is a boost from Genuit Group’s previous dividend of $4.10. Genuit Group’s dividend payout ratio (DPR) is presently 8,000.00%.
Insider Activity
In other news, insider Kevin Boyd bought 11,872 shares of the stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of GBX 419 ($5.26) per share, for a total transaction of £49,743.68 ($62,484.21). 3.01% of the stock is currently owned by company insiders.
About Genuit Group
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.
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