Genus plc (LON:GNS – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft cut their target price on Genus from GBX 2,300 ($29.86) to GBX 2,150 ($27.91) and set a “buy” rating on the stock in a report on Wednesday, July 17th.
View Our Latest Report on Genus
Genus Trading Up 2.2 %
Genus Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 7th will be paid a GBX 21.70 ($0.28) dividend. This represents a dividend yield of 1.21%. This is a boost 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 Genus news, insider Jorgen Kokke sold 2,186 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of GBX 1,956 ($25.40), for a total transaction of £42,758.16 ($55,515.66). In related news, insider Iain Ferguson acquired 3,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of GBX 1,800 ($23.37) per share, for a total transaction of £54,000 ($70,111.66). Also, 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 ($25.40), for a total transaction of £42,758.16 ($55,515.66). 0.75% of the stock is currently owned by company 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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