Shares of Genus plc (LON:GNS – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,807.18 ($23.60) and traded as high as GBX 2,105 ($27.49). Genus shares last traded at GBX 2,090 ($27.29), with a volume of 49,265 shares.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Genus from GBX 2,300 ($30.03) to GBX 2,150 ($28.08) and set a “buy” rating on the stock in a research report on Wednesday, July 17th.
Check Out Our Latest Research Report on Genus
Genus Stock Performance
Genus Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a dividend of GBX 21.70 ($0.28) per share. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from Genus’s previous dividend of $10.30. Genus’s payout ratio is 26,666.67%.
Insider Activity at Genus
In other news, insider Jorgen Kokke sold 2,186 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of GBX 1,956 ($25.54), for a total transaction of £42,758.16 ($55,834.63). In other news, insider Jorgen Kokke sold 2,186 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of GBX 1,956 ($25.54), for a total value of £42,758.16 ($55,834.63). Also, insider Iain Ferguson acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of GBX 1,800 ($23.50) per share, for a total transaction of £54,000 ($70,514.49). 0.75% of the stock is owned by corporate insiders.
About Genus
Genus plc operates as an animal genetics company in North America, Latin America, the United Kingdom, rest of Europe, the Middle East, Russia, Africa, and Asia. The company operates through three segments: Genus PIC, Genus ABS, and Genus Research and Development. It sells breeding pigs and semen to breed pigs with various characteristics for pork production under the PIC brand.
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