Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Genuit Group (LON:GEN)

Key Points

• Deutsche Bank reaffirmed its “Buy” rating on Genuit Group and maintained a GBX 440 price target, implying 52.04% potential upside from the current price.
• Analyst sentiment remains positive: five analysts rate the stock a Buy, with an average target price of GBX 439.20; JPMorgan recently raised its target to GBX 450.
• Genuit shares opened at GBX 289.40, while recent insider activity showed executives purchasing 22,800 shares over the past three months, signaling confidence in the company.

Genuit Group (LON:GEN - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Wednesday,London Stock Exchange reports. They presently have a GBX 440 price objective on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential upside of 52.04% from the stock's current price.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group reissued a "buy" rating and issued a GBX 332 target price on shares of Genuit Group in a research report on Tuesday, May 26th. Berenberg Bank restated a "buy" rating and issued a GBX 440 price objective on shares of Genuit Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their target price on Genuit Group from GBX 440 to GBX 450 and gave the company an "overweight" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of GBX 439.20.

Genuit Group Trading Up 0.5%

Shares of LON:GEN opened at GBX 289.40 on Wednesday. The business's 50-day moving average is GBX 271.39 and its 200 day moving average is GBX 294.15. The company has a debt-to-equity ratio of 38.15, a current ratio of 1.54 and a quick ratio of 1.07. Genuit Group has a 1 year low of GBX 241 and a 1 year high of GBX 391.50. The firm has a market capitalization of £729.51 million, a P/E ratio of 16.26, a P/E/G ratio of 3.23 and a beta of 1.44.

Genuit Group (LON:GEN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported GBX 10.50 earnings per share for the quarter. Genuit Group had a return on equity of 6.89% and a net margin of 7.51%. On average, research analysts predict that Genuit Group will post 27.6836158 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Shatish D. Dasani acquired 12,500 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of GBX 252 per share, with a total value of £31,500. Also, insider Tim Pullen acquired 4,000 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of GBX 259 per share, with a total value of £10,360. Over the last three months, insiders have bought 22,800 shares of company stock valued at $5,824,000. Corporate insiders own 4.23% of the company's stock.

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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