Shore Capital Forecasts Strong Price Appreciation for Genus (LON:GNS) Stock

Key Points

• Shore Capital has increased the price target for Genus (LON:GNS) from GBX 2,630 to GBX 2,900, indicating a potential upside of 7.17% from its current price.
• Deutsche Bank also raised its price target for Genus to GBX 2,550, maintaining a "buy" rating on the stock.
• Genus has a current market cap of £1.77 billion, and operates in animal genetics across multiple global regions.

Genus (LON:GNS - Get Free Report) had its target price hoisted by equities researchers at Shore Capital from GBX 2,630 to GBX 2,900 in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Shore Capital's target price points to a potential upside of 7.81% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft increased their price target on Genus from GBX 2,250 to GBX 2,550 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Genus presently has an average rating of "Buy" and a consensus price target of GBX 2,725.

Genus Stock Down 0.9%

Shares of GNS stock traded down GBX 25 during trading on Thursday, reaching GBX 2,690. The company's stock had a trading volume of 97,259 shares, compared to its average volume of 225,212. The business has a fifty day moving average price of GBX 2,317.70 and a 200-day moving average price of GBX 2,029.96. 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 company has a market cap of £1.76 billion, a price-to-earnings ratio of 222.98, a price-to-earnings-growth ratio of 2.87 and a beta of 0.37. Genus has a one year low of GBX 1,424 and a one year high of GBX 2,760.

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.