Genuit Group (LON:GEN) Shares Cross Above 50 Day Moving Average – What’s Next?

Genuit Group plc (LON:GEN)’s share price 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.

Analyst Ratings Changes

Several equities analysts have commented on the company. Berenberg Bank cut their price objective on Genuit Group from GBX 370 to GBX 320 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Genuit Group from GBX 440 to GBX 400 and set a “buy” rating for the company in a report on Wednesday, October 21st. 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 report on Wednesday, August 12th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 366 target price on shares of Genuit Group in a research note on Wednesday, October 21st. Five investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 407.20.

Genuit Group Trading Down 0.7%

The stock has a market capitalization of £685.65 million, a PE ratio of 20.30, a P/E/G ratio of 3.23 and a beta of 1.38. The company has a debt-to-equity ratio of 36.63, a quick ratio of 1.07 and a current ratio of 1.46. The company has a 50 day moving average of GBX 271.76 and a two-hundred day moving average of GBX 288.79.

Genuit Group (LON:GEN) last issued its quarterly earnings results on Tuesday, August 11th. The company reported GBX 10.50 earnings per share for the quarter. Genuit Group had a net margin of 5.60% and a return on equity of 5.19%. Sell-side analysts predict that Genuit Group plc will post 27.68 EPS for the current year.

Insider Activity

In related news, insider Bronagh Kennedy bought 9,050 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of GBX 296 per share, for a total transaction of £26,788. 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.