Genuit Group (LON:GEN) Stock Price Down 3%

Shares of Genuit Group plc (LON:GENGet Rating) were down 3% during trading on Friday . The company traded as low as GBX 404.50 ($4.96) and last traded at GBX 407.50 ($4.99). Approximately 86,076 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 498,668 shares. The stock had previously closed at GBX 420 ($5.15).

Wall Street Analyst Weigh In

GEN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 713 ($8.74) target price on shares of Genuit Group in a report on Friday, May 20th. Shore Capital reaffirmed a “buy” rating on shares of Genuit Group in a research note on Thursday, May 19th. Finally, Berenberg Bank reduced their price target on Genuit Group from GBX 640 ($7.84) to GBX 580 ($7.11) and set a “buy” rating for the company in a research report on Friday, June 10th.

Genuit Group Stock Down 3.0 %

The firm’s fifty day moving average is GBX 411.63 and its 200 day moving average is GBX 464.34. The company has a debt-to-equity ratio of 35.29, a quick ratio of 0.89 and a current ratio of 1.50. The firm has a market cap of £1.02 billion and a P/E ratio of 2,397.06.

Insider Activity

In related news, insider Paul James bought 6,338 shares of the business’s stock in a transaction dated Friday, June 24th. The stock was purchased at an average cost of GBX 390 ($4.78) per share, for a total transaction of £24,718.20 ($30,288.20).

Genuit Group Company Profile

(Get Rating)

Genuit Group plc develops, manufactures, and sells water, climate, and ventilation management solutions in the United Kingdom, rest of the Europe, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage systems, rainwater solutions, and various plastic hot and cold plumbing products, as well as commercial ventilation, underfloor heating, hydronic filters, and plastic plumbing systems.

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