Genuit Group (LON:GEN) Insider Bronagh Kennedy Buys 9,050 Shares of Stock

Key Points

• Insider buying: Genuit Group director Bronagh Kennedy purchased 9,050 shares at GBX 296 each, for a total investment of approximately £26,788.
• Analysts remain positive: JPMorgan, Jefferies, Berenberg and Deutsche Bank maintained or issued “buy”/“overweight” ratings, with a consensus price target of GBX 439.20 versus the recent price of GBX 283.60.
• Recent performance: Genuit reported quarterly EPS of GBX 10.50, a 7.51% net margin and 6.89% return on equity, while its shares declined 1.5% in mid-day trading.

Genuit Group plc (LON:GEN - Get Free Report) insider Bronagh Kennedy acquired 9,050 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of GBX 296 per share, with a total value of £26,788.

Genuit Group Stock Down 1.5%

Shares of GEN stock traded down GBX 4.40 during mid-day trading on Wednesday, reaching GBX 283.60. 1,207,828 shares of the company's stock traded hands, compared to its average volume of 5,693,671. The company's 50-day moving average price is GBX 271.39 and its 200-day moving average price is GBX 294.15. The company has a market cap of £714.89 million, a P/E ratio of 15.93, a P/E/G ratio of 3.23 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 38.15. Genuit Group plc has a 12 month low of GBX 241 and a 12 month high of GBX 391.50.

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 (EPS) for the quarter. Genuit Group had a net margin of 7.51% and a return on equity of 6.89%. On average, equities analysts expect that Genuit Group plc will post 27.6836158 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Genuit Group from GBX 440 to GBX 450 and gave the company an "overweight" rating in a report on Wednesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 440 target price on shares of Genuit Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 440 price target on shares of Genuit Group in a research note on Wednesday. Finally, Jefferies Financial Group increased their price objective on Genuit Group from GBX 332 to GBX 366 and gave the company a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of GBX 439.20.

Key Stories Impacting Genuit Group

Here are the key news stories impacting Genuit Group this week:

• Positive Sentiment: Broker support strengthened: Jefferies raised its price target from GBX 332 to GBX 366 and initiated a “buy” rating. JPMorgan also increased its target from GBX 440 to GBX 450 while retaining an “overweight” rating. Broker ratings reported by Digital Look
• Positive Sentiment: Other analysts remain constructive: Deutsche Bank and Berenberg reaffirmed “buy” ratings, each maintaining a GBX 440 price target. The targets imply substantial upside from the recent trading level and provide a positive counterweight to near-term concerns. Genuit Group broker ratings
• Neutral Sentiment: Profit guidance was maintained: Genuit said price increases and acquisitions are offsetting weaker market conditions, including the impact of the Iran conflict. Holding guidance is reassuring, but the reference to subdued demand indicates that operating conditions remain challenging. Genuit holds guidance as price rises offset Iran war hit
• Neutral Sentiment: Latest earnings showed profitability: Genuit reported quarterly earnings per share of GBX 10.50, with a 7.51% net margin and 6.89% return on equity. However, the results did not appear to provide a major positive surprise capable of overcoming broader market concerns. Genuit Group earnings report
• Negative Sentiment: Fraud-related loss adds a governance and earnings concern: The company’s Leeds operation reportedly lost £600,000 in a Middle East social-engineering fraud. Although modest relative to Genuit’s overall scale, the incident could prompt investor questions about internal controls and cybersecurity. Genuit Group fraud report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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