Genuit Group (LON:GEN) Hits New 12-Month High at $452.50

Posted by Matthew Steigler on May 2nd, 2024

Shares of Genuit Group plc (LON:GEN – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 452.50 ($5.68) and last traded at GBX 444 ($5.58), with a volume of 648134 shares trading hands. The stock had previously closed at GBX 444 ($5.58).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 480 ($6.03) price objective on shares of Genuit Group in a report on Tuesday, March 12th.

Check Out Our Latest Analysis on Genuit Group

Genuit Group Trading Down 1.8 %

The company has a debt-to-equity ratio of 26.12, a quick ratio of 1.07 and a current ratio of 1.40. The firm has a market capitalization of £1.07 billion, a P/E ratio of 2,920.00, a PEG ratio of 3.23 and a beta of 1.28. The firm has a 50 day simple moving average of GBX 424.87 and a two-hundred day simple moving average of GBX 379.47.

Genuit Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, June 5th. Investors of record on Thursday, May 2nd will be issued a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a boost from Genuit Group’s previous dividend of $4.10. This represents a yield of 2.06%. Genuit Group’s payout ratio is 8,000.00%.

Insiders Place Their Bets

In other Genuit Group news, insider Kevin Boyd bought 11,872 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average price of GBX 419 ($5.26) per share, for a total transaction of £49,743.68 ($62,484.21). 2.97% of the stock is currently owned by insiders.

Genuit Group Company Profile

(Get Free Report)

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.