Genuit Group (LON:GEN) Sets New 1-Year Low at $245.00

Genuit Group plc (LON:GEN – Get Rating)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 245 ($2.99) and last traded at GBX 251.16 ($3.06), with a volume of 234748 shares changing hands. The stock had previously closed at GBX 262 ($3.19).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GEN. Berenberg Bank reiterated a “buy” rating and set a GBX 370 ($4.51) price target on shares of Genuit Group in a report on Wednesday. Peel Hunt restated an “add” rating and issued a GBX 350 ($4.27) price objective on shares of Genuit Group in a report on Tuesday. Finally, Shore Capital restated a “hold” rating on shares of Genuit Group in a report on Tuesday.

Genuit Group Stock Up 3.9 %

The stock’s 50-day moving average price is GBX 314.85 and its two-hundred day moving average price is GBX 306.29. The stock has a market capitalization of £662.79 million, a PE ratio of 1,400.00, a P/E/G ratio of 3.23 and a beta of 1.22. The company has a debt-to-equity ratio of 38.37, a quick ratio of 1.07 and a current ratio of 1.77.

Genuit Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 24th. Investors of record on Thursday, April 20th will be given a dividend of GBX 8.20 ($0.10) per share. This represents a yield of 2.93%. This is an increase from Genuit Group’s previous dividend of $4.10. The ex-dividend date is Thursday, April 20th. Genuit Group’s dividend payout ratio is 6,315.79%.

About Genuit Group

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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.