Genuit Group (LON:GEN) Price Target Cut to GBX 500 by Analysts at Berenberg Bank

Genuit Group (LON:GEN) had its target price decreased by Berenberg Bank from GBX 540 to GBX 500 in a research report report published on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the stock.

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

Genuit Group Stock Down 2.5%

LON:GEN opened at GBX 298.50 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.07 and a debt-to-equity ratio of 28.10. The stock has a 50 day moving average of GBX 356.34 and a 200-day moving average of GBX 374.35. The firm has a market capitalization of £741.96 million, a PE ratio of 15.39, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28. Genuit Group has a 52 week low of GBX 295 and a 52 week high of GBX 427.

Insiders Place Their Bets

In related news, insider Kevin Boyd acquired 20,000 shares of Genuit Group stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of GBX 312 per share, with a total value of £62,400. Also, insider Tim Pullen bought 2,300 shares of the stock in a transaction on Monday, November 17th. The shares were bought at an average cost of GBX 306 per share, for a total transaction of £7,038. In the last ninety days, insiders purchased 35,300 shares of company stock worth $10,997,800. 4.24% of the stock is owned by company insiders.

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.