Canaccord Genuity Group Has Lowered Expectations for Agronomics (LON:ANIC) Stock Price

Agronomics (LON:ANIC) had its target price lowered by stock analysts at Canaccord Genuity Group from GBX 16 ($0.21) to GBX 15.90 ($0.21) in a research report issued on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 121.73% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 17.50 ($0.23) price objective on shares of Agronomics in a research report on Friday, November 29th.

Agronomics Stock Up 3.9 %

ANIC stock opened at GBX 7.17 ($0.09) on Monday. The business has a 50 day moving average price of GBX 5.21 and a two-hundred day moving average price of GBX 4.80. The company has a market cap of £71.20 million, a price-to-earnings ratio of -160.32 and a beta of 1.47. Agronomics has a twelve month low of GBX 3.65 ($0.05) and a twelve month high of GBX 9.30 ($0.12).

Insider Buying and Selling

In related news, insider James (Jim) Mellon bought 1,300,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £52,000 ($67,602.70). 16.63% of the stock is currently owned by corporate insiders.

Agronomics Company Profile

Agronomics is an AIM-listed investment company centered on the nascent fields of cellular agriculture, precision fermentation and synthetic biology. The Company invests in technologies that offer new ways of producing food and materials with a focus on products historically derived from animals. These technologies are driving a major disruption in agriculture, offering solutions to improve sustainability, as well as addressing human health, animal welfare and environmental damage.