The stock price of ) was up 1.8% Thursday. Stock traded up to GBX 310 ($3.87), and was last seen at GBX 309.50 ($3.87). Around 714,538 share changed hands in mid-day trade, a decrease of 6% compared to the daily average of 764152 shares. The stock closed earlier at GBX 304 (3.80).
Analysts set new price targets
Several analysts have weighed-in on GEN's shares. Berenberg Bank reiterated a buy' rating on Genuit Group shares and issued a GBX 370 target price ($4.62) in a report published on March 15th. Shore Capital reiterated its 'hold rating' on shares of Genuit Group on Thursday, April 6. The company has a moving average of GBX 283.09 for the last 50 days and GBX 296.61 for the past two hundred days.
Genuit Group increases Dividend
The company has also declared a recent dividend that will be paid out on May 24th. Investors who held shares on the 20th of April will receive a dividend payment of GBX 8,20 ($0.10). This yield is 2.93%. The ex-dividend day is Thursday, 20th April. Genuit Group increased its previous dividend from $4.10 to $5.10 Genuit Group’s current dividend payout ratio (DPR), which is 8,571.43%, is 8.571.43%.
Insider Buying & Selling
Insider Shatish Dasani bought 16,500 shares in the company on Wednesday, 12th April. The shares were bought at an average price per share of GBX 263, or $3.29, totaling PS43,395, or $54,216.64. Insider Joe Vorih purchased 11,000 shares in the company's stock on Thursday, 16th March. The shares were purchased at GBX 256 (3.20 USD) per share on average, resulting in a transaction total of PS28.160 ($35.182.41). Insider Shatish Dasani also purchased 16,500 shares in the company's stock during a transaction on Wednesday, 12th April. Stock was purchased at an average price per share of GBX 263, or $3.29, totaling PS43,395 (US$54,216.64). Insiders own 0.70%.
Genuit Group Company Profile
Genuit Group plc manufactures and sells solutions for water, climate and ventilation management in the United Kingdom and throughout Europe. It also exports these products internationally. Residential Systems and Commercial and Infrastructure Systems are the two main segments of the company. The company offers above- and below-ground drainage systems, rainwater solution, plastic hot and cold pipes, commercial ventilation, hydronic filters and plastic plumbing systems.
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