JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Genuit Group (LON:GEN) Stock

Genuit Group (LON:GEN) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from GBX 440 to GBX 450 in a research note issued on Wednesday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 56.58% from the stock’s current price.

Several other brokerages have also issued reports on GEN. Berenberg Bank restated a “buy” rating and set a GBX 440 price target on shares of Genuit Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on Genuit Group from GBX 545 to GBX 440 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 332 price objective on shares of Genuit Group in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Genuit Group has a consensus rating of “Buy” and a consensus price target of GBX 432.40.

Genuit Group Stock Performance

Shares of GEN stock opened at GBX 287.40 on Wednesday. The company has a debt-to-equity ratio of 38.15, a quick ratio of 1.07 and a current ratio of 1.54. The firm has a market cap of £724.47 million, a price-to-earnings ratio of 16.15, a P/E/G ratio of 3.23 and a beta of 1.44. Genuit Group has a 52 week low of GBX 241 and a 52 week high of GBX 391.50. The firm’s 50-day simple moving average is GBX 271.39 and its two-hundred day simple moving average is GBX 294.15.

Insiders Place Their Bets

In other Genuit Group news, insider Britta Giesen bought 6,300 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of GBX 260 per share, for a total transaction of £16,380. Also, insider Shatish D. Dasani bought 12,500 shares of Genuit Group stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average price of GBX 252 per share, with a total value of £31,500. Insiders acquired 22,800 shares of company stock worth $5,824,000 over the last quarter. 4.23% of the stock is currently 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.