Agronomics (LON:ANIC) Given New GBX 13.30 Price Target at Canaccord Genuity Group

Agronomics (LON:ANIC) had its price objective lowered by equities research analysts at Canaccord Genuity Group from GBX 14 to GBX 13.30 in a report issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 90.00% from the stock’s current price.

Agronomics Price Performance

LON:ANIC opened at GBX 7 on Tuesday. The firm’s 50 day simple moving average is GBX 6.68 and its 200 day simple moving average is GBX 6.66. Agronomics has a one year low of GBX 5.20 and a one year high of GBX 9.60. The company has a market cap of £73.96 million, a PE ratio of -4.38 and a beta of 0.92.

Agronomics (LON:ANIC) last posted its earnings results on Tuesday, February 17th. The company reported GBX 0.99 EPS for the quarter. Agronomics had a net margin of 135.81% and a negative return on equity of 12.24%. Equities research analysts expect that Agronomics will post 1.8426626 EPS for the current year.

Insider Activity

In other news, insider James (Jim) Mellon purchased 1,475,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of GBX 7 per share, for a total transaction of £103,250. In the last 90 days, insiders have purchased 2,859,215 shares of company stock valued at $18,980,290. 16.23% of the stock is currently owned by insiders.

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. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.