Genuit Group (LON:GEN) Sets New 1-Year Low - Here's What Happened

Key Points

• Genuit Group shares fell 14.3% to GBX 240.40 intraday, hitting a new 52-week low of GBX 239.32, with trading volume of nearly 7.95 million shares.
• Despite the sell-off, all five covering analysts rated the stock a Buy, with an average target price of GBX 439.20 and targets ranging up to GBX 450.
• The company reported quarterly EPS of GBX 10.50 and expects full-year EPS of GBX 27.68; insider Bronagh Kennedy also bought 9,050 shares at GBX 296 each.

Shares of Genuit Group plc (LON:GEN - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as GBX 239.32 and last traded at GBX 240.40, with a volume of 7,945,197 shares. The stock had previously closed at GBX 289.60.

Analyst Ratings Changes

GEN has been the subject of a number of research analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 440 target price on shares of Genuit Group in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 440 target price on shares of Genuit Group in a research report on Wednesday, August 12th. JPMorgan Chase & Co. lifted their price target on Genuit Group from GBX 440 to GBX 450 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group boosted their price target on Genuit Group from GBX 332 to GBX 366 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 439.20.

Genuit Group Trading Down 14.3%

The stock has a market capitalization of £625.92 million, a PE ratio of 18.53, a P/E/G ratio of 3.23 and a beta of 1.38. The company's 50 day moving average price is GBX 275.44 and its two-hundred day moving average price is GBX 273.27. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.46 and a quick ratio of 1.07.

Genuit Group (LON:GEN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported GBX 10.50 earnings per share (EPS) for the quarter. Genuit Group had a net margin of 5.60% and a return on equity of 5.19%. As a group, analysts expect that Genuit Group plc will post 27.68 earnings per share for the current year.

Insider Activity at Genuit Group

In related news, insider Bronagh Kennedy purchased 9,050 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of GBX 296 per share, with a total value of £26,788. Corporate insiders own 4.23% of the company's stock.

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.