Genus (LON:GNS) Stock Price Up 2.2% – Here’s Why

Shares of Genus plc (LON:GNS) were up 2.2% on Wednesday. The stock traded as high as GBX 2,406 and last traded at GBX 2,390. 178,452 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 724,650 shares. The stock had previously closed at GBX 2,338.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 3,350 target price on shares of Genus in a research report on Tuesday, October 13th. Three analysts have rated the stock with a Buy rating. According to MarketBeat.com, Genus presently has a consensus rating of “Buy” and a consensus price target of GBX 3,216.67.

Genus Stock Up 2.2%

The business’s 50 day simple moving average is GBX 2,244.47 and its 200-day simple moving average is GBX 2,411.70. The company has a debt-to-equity ratio of 14.02, a quick ratio of 1.08 and a current ratio of 2.22. The company has a market cap of £1.54 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.91.

Genus (LON:GNS) last announced its quarterly earnings results on Thursday, September 10th. The company reported GBX 110.30 earnings per share (EPS) for the quarter. Genus had a return on equity of 44.90% and a net margin of 43.35%. Sell-side analysts expect that Genus plc will post 70.96 earnings per share for the current year.

Genus announced that its Board of Directors has approved a share buyback program on Thursday, September 10th that permits the company to repurchase £60 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Genus

In related news, insider Jorgen Kokke sold 50,236 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of GBX 2,151, for a total value of £1,080,576.36. 0.78% of the stock is owned by company 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. The company also sells bull semen and embryos to breed calves with various characteristics for milk and beef production under the ABS, Genus, and Bovec brands.