Genuit Group (LON:GEN) Shares Climb 14.7% - Time to Buy?

Key Points

• Genuit Group shares jumped 14.7% to GBX 304.85, with about 3.1 million shares traded, following a previous close of GBX 265.80.
• Analysts remain bullish: five firms rate the stock “Buy,” with a consensus rating of “Buy” and an average price target of GBX 439.20—well above the current price.
• The company reported quarterly EPS of GBX 10.50 and expects full-year EPS of about GBX 27.68. Insider Bronagh Kennedy also purchased 9,050 shares worth approximately £26,788.

Shares of Genuit Group plc (LON:GEN - Get Free Report) were up 14.7% during trading on Monday. The stock traded as high as GBX 307.14 and last traded at GBX 304.85. Approximately 3,075,160 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 5,236,552 shares. The stock had previously closed at GBX 265.80.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GEN. JPMorgan Chase & Co. lifted their target price on Genuit Group from GBX 440 to GBX 450 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 440 price target on shares of Genuit Group in a research note on Wednesday, August 12th. Jefferies Financial Group raised their price target on Genuit Group from GBX 332 to GBX 366 and gave the company a "buy" rating in a report on Wednesday, August 12th. Finally, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 440 price objective on shares of Genuit Group in a research note on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of GBX 439.20.

Genuit Group Stock Performance

The stock has a market capitalization of £768.46 million, a PE ratio of 22.75, a P/E/G ratio of 3.23 and a beta of 1.44. The firm has a fifty day moving average price of GBX 273.85 and a two-hundred day moving average price of GBX 274.66. 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 issued its 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 5.60% and a return on equity of 5.19%. Research analysts expect that Genuit Group plc will post 27.6836158 EPS for the current year.

Insider Buying and Selling

In related news, insider Bronagh Kennedy bought 9,050 shares of Genuit Group stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of GBX 296 per share, with a total value of £26,788. 4.23% of the stock is owned by corporate 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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