Canaccord Genuity Group Reiterates “Buy” Rating for Agronomics (LON:ANIC)

Canaccord Genuity Group reissued their buy rating on shares of Agronomics (LON:ANIC) in a research note published on Thursday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 16.50 ($0.20) price target on the stock, down from their prior price target of GBX 17 ($0.21).

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 17.50 ($0.22) price target on shares of Agronomics in a report on Friday, November 29th.

Agronomics Price Performance

Shares of Agronomics stock opened at GBX 3.85 ($0.05) on Thursday. Agronomics has a 12-month low of GBX 3.65 ($0.05) and a 12-month high of GBX 10.50 ($0.13). The stock has a market capitalization of £38.89 million, a P/E ratio of 470.00 and a beta of 1.47. The company has a 50-day simple moving average of GBX 3.95 and a 200 day simple moving average of GBX 4.79.

About Agronomics

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.