Jefferies Financial Group Increases Genuit Group (LON:GEN) Price Target to GBX 366

Key Points

• Jefferies raised Genuit Group’s price target from GBX 332 to GBX 366 while maintaining a “buy” rating, implying 26.47% potential upside from the prior close.
• Analyst sentiment remains strongly positive: Deutsche Bank and Berenberg reiterated “buy” ratings at GBX 440, while JPMorgan raised its target to GBX 450. The consensus rating is “Buy,” with a GBX 439.20 target.
• Genuit shares opened at GBX 289.40, up 0.5%, while recent company results included quarterly earnings of GBX 10.50 per share. Insiders have also purchased 22,800 shares over the past 90 days.

Genuit Group (LON:GEN - Get Free Report) had its price target lifted by equities research analysts at Jefferies Financial Group from GBX 332 to GBX 366 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 26.47% from the stock's previous close.

Several other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 440 target price on shares of Genuit Group in a research report on Wednesday. Berenberg Bank reissued a "buy" rating and set a GBX 440 price objective on shares of Genuit Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on Genuit Group from GBX 440 to GBX 450 and gave the company an "overweight" rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 439.20.

Genuit Group Stock Up 0.5%

Shares of GEN opened at GBX 289.40 on Wednesday. The stock has a market capitalization of £729.51 million, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 3.23 and a beta of 1.44. Genuit Group has a 1 year low of GBX 241 and a 1 year high of GBX 391.50. The business's 50 day simple moving average is GBX 271.39 and its 200-day simple 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 (LON:GEN - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported GBX 10.50 earnings per share for the quarter. Genuit Group had a net margin of 7.51% and a return on equity of 6.89%. As a group, equities analysts expect that Genuit Group will post 27.6836158 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Britta Giesen acquired 6,300 shares of Genuit Group stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of GBX 260 per share, with a total value of £16,380. Also, insider Shatish D. Dasani acquired 12,500 shares of the firm's stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average cost of GBX 252 per share, with a total value of £31,500. Insiders have bought 22,800 shares of company stock valued at $5,824,000 in the last ninety days. 4.23% of the stock is owned by company 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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