Shares of Genuit Group plc (LON:GEN – Get Free Report) traded down 0.5% during mid-day trading on Thursday . The company traded as low as GBX 421.50 ($5.21) and last traded at GBX 432 ($5.34). 749,504 shares traded hands during 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 reiterated a “buy” rating and set a GBX 480 ($5.93) price target on shares of Genuit Group in a research note on Tuesday, March 12th.
View Our Latest Stock Analysis on GEN
Genuit Group Price Performance
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 issued a GBX 8.30 ($0.10) dividend. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, May 2nd. This is a boost from Genuit Group’s previous dividend of $4.10. Genuit Group’s payout ratio is 8,000.00%.
Insider Buying and Selling
In other Genuit Group news, insider Kevin Boyd bought 11,872 shares of the stock in a transaction on Tuesday, March 19th. The shares were acquired at an average price of GBX 419 ($5.18) per share, with a total value of £49,743.68 ($61,442.29). 3.01% of the stock is currently owned by insiders.
Genuit Group Company Profile
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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