Shares of Genus plc (LON:GNS – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,819.47 ($23.62) and traded as high as GBX 2,070 ($26.88). Genus shares last traded at GBX 2,065 ($26.81), with a volume of 39,814 shares traded.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Genus from GBX 2,300 ($29.86) to GBX 2,150 ($27.91) and set a “buy” rating for the company in a research report on Wednesday, July 17th.
Read Our Latest Research Report on Genus
Genus Price Performance
Genus Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 7th will be given a GBX 21.70 ($0.28) dividend. This represents a yield of 1.21%. This is a positive change from Genus’s previous dividend of $10.30. The ex-dividend date of this dividend is Thursday, November 7th. Genus’s payout ratio is presently 26,666.67%.
Insider Activity at Genus
In other news, insider Iain Ferguson bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of GBX 1,800 ($23.37) per share, with a total value of £54,000 ($70,111.66). In other Genus news, insider Jorgen Kokke sold 2,186 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of GBX 1,956 ($25.40), for a total transaction of £42,758.16 ($55,515.66). Also, insider Iain Ferguson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of GBX 1,800 ($23.37) per share, with a total value of £54,000 ($70,111.66). 0.75% of the stock is currently owned by corporate insiders.
Genus Company Profile
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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