Genuit Group plc (LON:GEN – Get Free Report)’s share price fell 0.5% on Thursday . The company traded as low as GBX 421.50 ($5.21) and last traded at GBX 432 ($5.34). 749,504 shares were traded during mid-day trading, an increase of 91% from the average session volume of 391,849 shares. The stock had previously closed at GBX 434 ($5.36).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 480 ($5.93) target price on shares of Genuit Group in a report on Tuesday, March 12th.
Read Our Latest Analysis on GEN
Genuit Group Stock Performance
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. 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 presently 8,000.00%.
Insider Activity at Genuit Group
In other news, insider Kevin Boyd purchased 11,872 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average cost of GBX 419 ($5.18) per share, for a total transaction of £49,743.68 ($61,442.29). 3.01% 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 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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