Genuit Group (LON:GEN) Hits New 1-Year High at $473.50

Genuit Group plc (LON:GEN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 473.50 ($6.02) and last traded at GBX 465 ($5.91), with a volume of 24841 shares. The stock had previously closed at GBX 466 ($5.92).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 480 ($6.10) price objective on shares of Genuit Group in a research report on Tuesday, March 12th.

Genuit Group Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 26.12. The company has a 50-day moving average price of GBX 441.44 and a 200-day moving average price of GBX 400.59. The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 3,163.33, a P/E/G ratio of 3.23 and a beta of 1.28.

Genuit Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be given a GBX 8.30 ($0.11) dividend. This represents a yield of 2.06%. This is an increase from Genuit Group’s previous dividend of $4.10. The ex-dividend date is Thursday, May 2nd. Genuit Group’s dividend payout ratio is 8,000.00%.

Insiders Place Their Bets

In other news, insider Kevin Boyd bought 11,872 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of GBX 419 ($5.33) per share, for a total transaction of £49,743.68 ($63,222.78). 2.97% of the stock is currently owned by insiders.

About Genuit Group

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 three segments: Sustainable Building Solutions, Water Management Solutions, and Climate Management Solutions.