Genuit Group (LON:GEN) Stock Price Target Lowered at Berenberg Bank

Key Points

• Berenberg Bank lowered Genuit Group’s price target from GBX 370 to GBX 320 but maintained its “Buy” rating, implying 24.51% potential upside from the prior close.
• Analyst sentiment remains positive: five analysts rate the stock “Buy,” with a consensus target price of GBX 407.20. Jefferies and JPMorgan maintained or raised their targets, while Deutsche Bank also cut its target but retained a “Buy” rating.
• Genuit shares opened at GBX 257, near the lower end of their 52-week range, while the company reported quarterly EPS of GBX 10.50 and expects full-year EPS of GBX 27.68.

Genuit Group (LON:GEN - Get Free Report) had its price target decreased by analysts at Berenberg Bank from GBX 370 to GBX 320 in a report issued on Friday, London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 24.51% from the company's previous close.

Several other analysts also recently commented on GEN. Jefferies Financial Group restated a "buy" rating and issued a GBX 366 target price on shares of Genuit Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Genuit Group from GBX 440 to GBX 400 and set a "buy" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on Genuit Group from GBX 440 to GBX 450 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Five investment 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 407.20.

Genuit Group Price Performance

Shares of GEN opened at GBX 257 on Friday. The business has a 50-day moving average of GBX 273.65 and a 200-day moving average of GBX 272.60. Genuit Group has a 1 year low of GBX 239.32 and a 1 year high of GBX 391.50. The company has a market capitalization of £647.84 million, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.23 and a beta of 1.38. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.46 and a quick ratio of 1.07.

Genuit Group (LON:GEN - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. Genuit Group had a net margin of 5.60% and a return on equity of 5.19%. As a group, equities research analysts anticipate that Genuit Group will post 27.68 earnings per share for the current year.

Insider Transactions at Genuit Group

In related news, insider Bronagh Kennedy purchased 9,050 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of GBX 296 per share, with a total value of £26,788. 4.23% of the stock is currently owned by insiders.

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.

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