Genus (LON:GNS) Hits New 1-Year High - Time to Buy?

Key Points

• Genus plc shares reached a new 52-week high of GBX 2,550 ($33.81) during trading, indicating a significant upward trend in stock performance.
• Analysts from both Shore Capital and Deutsche Bank have rated Genus as a "buy," with target prices of GBX 2,750 ($36.46) and GBX 2,550 ($33.81) respectively.
• Genus operates in the animal genetics sector, boasting a market cap of £1.64 billion, and showed a trading increase of 0.7%.

Genus plc (LON:GNS - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,550 ($33.86) and last traded at GBX 2,479.99 ($32.93), with a volume of 32029 shares trading hands. The stock had previously closed at GBX 2,510 ($33.33).

Analyst Ratings Changes

Several equities research analysts have issued reports on GNS shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Genus from GBX 2,250 ($29.88) to GBX 2,550 ($33.86) and gave the company a "buy" rating in a research report on Tuesday, July 15th. Shore Capital reissued a "buy" rating and issued a GBX 2,750 ($36.52) target price on shares of Genus in a report on Tuesday, July 15th.

Genus Stock Performance

The company has a quick ratio of 1.08, a current ratio of 1.80 and a debt-to-equity ratio of 53.12. The business has a 50 day simple moving average of GBX 2,146.49 and a two-hundred day simple moving average of GBX 1,950.48. The firm has a market cap of £1.65 billion, a PE ratio of 209.30, a price-to-earnings-growth ratio of 2.87 and a beta of 0.37.

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.