Genuit Group (LON:GEN) Stock Price Down 2% - What's Next?

Key Points

• Genuit Group shares fell 2% to GBX 262.60, below both the 50-day moving average of GBX 276.50 and the 200-day average of GBX 286.85. Trading volume was also 66% below the average.
• Analysts remain bullish, with five “Buy” ratings, an average price target of GBX 439.20, and recent target increases from JPMorgan, Jefferies, Deutsche Bank, and Berenberg.
• Genuit reported quarterly EPS of GBX 10.50 and a 5.60% net margin, while insider Bronagh Kennedy bought 9,050 shares worth approximately £26,788.

Genuit Group plc (LON:GEN - Get Free Report) shares were down 2% on Wednesday . The company traded as low as GBX 259.40 and last traded at GBX 262.60. 1,859,523 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 5,540,269 shares. The stock had previously closed at GBX 268.

Analyst Upgrades and Downgrades

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

Genuit Group Trading Down 2.0%

The firm's 50 day simple moving average is GBX 276.50 and its 200-day simple moving average is GBX 286.85. The company has a market capitalization of £661.95 million, a PE ratio of 14.75, a P/E/G ratio of 3.23 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.46 and a debt-to-equity ratio of 36.63.

Genuit Group (LON:GEN - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported GBX 10.50 EPS for the quarter. Genuit Group had a net margin of 5.60% and a return on equity of 5.19%. As a group, equities research analysts anticipate that Genuit Group plc will post 27.6836158 EPS for the current year.

Insider Activity

In other 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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