Genuit Group (LON:GEN) Shares Up 1.9% - Should You Buy?

Key Points

• Genuit Group shares rose 1.9% to GBX 302.40, though trading volume was 85% below its average daily level.
• Analysts remain broadly optimistic, with five Buy ratings and a consensus target of GBX 430.40—about 42% above the latest trading price—despite several recent target-price reductions.
• Insiders purchased 22,800 shares worth approximately £5.8 million over the past 90 days, while insiders currently own 4.23% of the company.

Genuit Group plc (LON:GEN - Get Free Report) was up 1.9% during trading on Thursday . The stock traded as high as GBX 304.40 and last traded at GBX 302.40. 846,071 shares traded hands during trading, a decline of 85% from the average daily volume of 5,789,310 shares. The stock had previously closed at GBX 296.80.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GEN. Berenberg Bank lowered their target price on shares of Genuit Group from GBX 500 to GBX 440 and set a "buy" rating for the company in a research note on Tuesday, May 26th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 332 price target on shares of Genuit Group in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Genuit Group from GBX 545 to GBX 440 and set a "buy" rating for the company in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. dropped their target price on Genuit Group from GBX 465 to GBX 440 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 430.40.

Genuit Group Price Performance

The stock's 50 day simple moving average is GBX 268.33 and its 200-day simple moving average is GBX 294.53. The firm has a market cap of £762.28 million, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.23 and a beta of 1.46. The company has a debt-to-equity ratio of 38.15, a quick ratio of 1.07 and a current ratio of 1.54.

Insider Activity

In related news, insider Britta Giesen acquired 6,300 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of GBX 260 per share, with a total value of £16,380. Also, insider Shatish D. Dasani bought 12,500 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of GBX 252 per share, for a total transaction of £31,500. Insiders have purchased 22,800 shares of company stock valued at $5,824,000 over the last ninety days. 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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