Genuit Group plc (LON:GEN – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 451 ($5.67) and last traded at GBX 443.45 ($5.57), with a volume of 584 shares trading hands. The stock had previously closed at GBX 440 ($5.53).
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a “buy” rating and set a GBX 480 ($6.03) target price on shares of Genuit Group in a research report on Tuesday, March 12th.
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Genuit Group Price Performance
Genuit Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Thursday, May 2nd will be paid a dividend of GBX 8.30 ($0.10) per share. The ex-dividend date is Thursday, May 2nd. This is an increase from Genuit Group’s previous dividend of $4.10. This represents a yield of 2.06%. Genuit Group’s dividend payout ratio is currently 8,000.00%.
Insiders Place Their Bets
In related news, insider Kevin Boyd bought 11,872 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of GBX 419 ($5.26) per share, with a total value of £49,743.68 ($62,492.06). 2.97% of the stock is 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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