Genuit Group (LON:GEN) PT Lowered to GBX 661 - Defense World

2022-08-20 12:52:41 By : Mr. Shaohui Zheng

Posted by admin on Aug 19th, 2022

Genuit Group (LON:GEN – Get Rating) had its price objective lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 713 ($8.62) to GBX 661 ($7.99) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 58.51% from the stock’s previous close.

A number of other analysts have also weighed in on GEN. Berenberg Bank lowered their price objective on shares of Genuit Group from GBX 640 ($7.73) to GBX 580 ($7.01) and set a “buy” rating for the company in a research note on Friday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of Genuit Group in a research note on Thursday, May 19th.

LON GEN opened at GBX 417 ($5.04) on Wednesday. Genuit Group has a 12 month low of GBX 364 ($4.40) and a 12 month high of GBX 806 ($9.74). The company’s 50-day moving average price is GBX 402.71 and its 200-day moving average price is GBX 453.30. The stock has a market cap of £1.04 billion and a PE ratio of 2,606.25. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 35.29.

In other news, insider Paul James purchased 6,338 shares of the firm’s stock in a transaction on Friday, June 24th. The stock was acquired at an average cost of GBX 390 ($4.71) per share, with a total value of £24,718.20 ($29,867.33).

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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