Genuit Group (LON:GEN) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Genuit Group (LON:GEN) in a research note released on Tuesday, Marketbeat reports. They currently have a GBX 480 ($6.15) price target on the stock.

Separately, Shore Capital reissued a hold rating on shares of Genuit Group in a research note on Wednesday, November 15th.

Genuit Group Trading Down 1.6 %

Shares of LON:GEN traded down GBX 6.50 ($0.08) during trading on Tuesday, hitting GBX 404 ($5.18). 511,383 shares of the company’s stock were exchanged, compared to its average volume of 384,443. Genuit Group has a 1-year low of GBX 244 ($3.13) and a 1-year high of GBX 432.50 ($5.54). The firm has a 50-day moving average price of GBX 404.11 and a two-hundred day moving average price of GBX 350.64. The company has a current ratio of 1.67, a quick ratio of 1.07 and a debt-to-equity ratio of 32.80. The firm has a market cap of £1.01 billion, a P/E ratio of 2,885.71, a PEG ratio of 3.23 and a beta of 1.28.

Genuit Group Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be paid a GBX 8.30 ($0.11) dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a yield of 2.06%. This is a positive change from Genuit Group’s previous dividend of $4.10. Genuit Group’s payout ratio is presently 8,571.43%.

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 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.