Genuit Group (LON:GEN) Trading Down 1.5% - Here's Why

Key Points

• Genuit Group shares fell 1.5% to GBX 359 ($4.82) during trading, with a significant drop in trading volume of 79% compared to average levels.
• Several brokerages have recently upgraded Genuit Group's ratings, with price targets ranging from GBX 490 to GBX 525.
• The company, which is the UK’s largest provider of sustainable water and climate solutions, reported earnings per share of GBX 11.60 for the last quarter.

Genuit Group plc (LON:GEN - Get Free Report)'s share price fell 1.5% during trading on Thursday . The company traded as low as GBX 356.50 ($4.78) and last traded at GBX 359 ($4.82). 256,450 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,238,344 shares. The stock had previously closed at GBX 364.50 ($4.89).

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GEN. Berenberg Bank restated a "buy" rating and issued a GBX 525 price target on shares of Genuit Group in a report on Tuesday, August 12th. Royal Bank Of Canada upgraded Genuit Group to an "outperform" rating and set a GBX 505 price target on the stock in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. upgraded Genuit Group to an "overweight" rating and boosted their price target for the company from GBX 450 to GBX 490 in a report on Wednesday, July 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 506.67.

Genuit Group Stock Down 1.5%

The firm has a market cap of £890.43 million, a P/E ratio of 37.67, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.47 and a debt-to-equity ratio of 28.10. The firm has a fifty day moving average of GBX 384.85 and a 200-day moving average of GBX 377.59.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.