Berenberg Bank Reaffirms "Buy" Rating for Genuit Group (LON:GEN)

Key Points

• Berenberg Bank has restated its "buy" rating for Genuit Group (LON:GEN) and set a price target of GBX 525, indicating a potential upside of 42.28%.
• JPMorgan and RBC have also raised their ratings for Genuit Group, increasing price targets to GBX 490 and GBX 505, respectively.
• Genuit Group's stock saw a slight decline of 0.1% on the day, with a recent trading price of GBX 369.

Genuit Group (LON:GEN - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 525 ($7.09) price target on the stock. Berenberg Bank's price target suggests a potential upside of 45.03% from the stock's previous close.

A number of other equities research analysts have also recently commented on GEN. JPMorgan Chase & Co. raised shares of Genuit Group to an "overweight" rating and raised their price objective for the stock from GBX 450 ($6.08) to GBX 490 ($6.62) in a research note on Wednesday, July 9th. Royal Bank Of Canada upgraded shares of Genuit Group to an "outperform" rating and set a GBX 505 ($6.82) price target on the stock in a research report on Wednesday, August 13th.

Genuit Group Stock Performance

LON:GEN traded up GBX 2 ($0.03) during midday trading on Tuesday, hitting GBX 362 ($4.89). The company's stock had a trading volume of 993,917 shares, compared to its average volume of 1,252,292. Genuit Group has a fifty-two week low of GBX 301 ($4.07) and a fifty-two week high of GBX 513 ($6.93). The company has a debt-to-equity ratio of 28.10, a current ratio of 1.47 and a quick ratio of 1.07. The firm has a market cap of £897.87 million, a P/E ratio of 37.98, a P/E/G ratio of 3.23 and a beta of 1.28. The firm's 50 day moving average is GBX 386.85 and its 200-day moving average is GBX 377.96.

Genuit Group (LON:GEN - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported GBX 11.60 ($0.16) earnings per share (EPS) for the quarter. Genuit Group had a net margin of 4.26% and a return on equity of 3.74%. Equities analysts anticipate that Genuit Group will post 27.6836158 earnings per share for the current fiscal year.

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.