Genuit Group (LON:GEN) Reaches New 52-Week High at $452.50

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

Wall Street Analyst Weigh In

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

Genuit Group Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.07 and a debt-to-equity ratio of 26.12. The stock has a market cap of £1.11 billion, a P/E ratio of 2,960.00, a PEG ratio of 3.23 and a beta of 1.28. The firm has a 50-day simple moving average of GBX 424.27 and a two-hundred day simple moving average of GBX 378.40.

Genuit Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Kevin Boyd purchased 11,872 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average price of GBX 419 ($5.26) per share, for a total transaction of £49,743.68 ($62,484.21). 3.01% of the stock is owned by company 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.