Genuit Group (LON:GEN) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Genuit Group plc (LON:GEN) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 271.76 and traded as high as GBX 276.60. Genuit Group shares last traded at GBX 274, with a volume of 627,599 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GEN. JPMorgan Chase & Co. lifted their target price on shares of Genuit Group from GBX 440 to GBX 450 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Berenberg Bank reduced their target price on shares of Genuit Group from GBX 370 to GBX 320 and set a “buy” rating for the company in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Genuit Group from GBX 440 to GBX 400 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 366 price target on shares of Genuit Group in a research note on Wednesday, October 21st. Five equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Genuit Group has an average rating of “Buy” and an average price target of GBX 407.20.

Genuit Group Stock Down 0.7%

The firm has a market capitalization of £685.65 million, a price-to-earnings ratio of 20.30, a P/E/G ratio of 3.23 and a beta of 1.38. The business has a 50 day simple moving average of GBX 271.76 and a 200-day simple moving average of GBX 288.79. The company has a debt-to-equity ratio of 36.63, a quick ratio of 1.07 and a current ratio of 1.46.

Genuit Group (LON:GEN) last posted its quarterly earnings results on Tuesday, August 11th. The company reported GBX 10.50 EPS for the quarter. Genuit Group had a return on equity of 5.19% and a net margin of 5.60%. On average, equities analysts expect that Genuit Group plc will post 27.68 EPS for the current year.

Insider Activity

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

Genuit Group Company Profile

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.