Agronomics (LON:ANIC - Get Free Report) had its price objective lowered by equities research analysts at Canaccord Genuity Group from GBX 16 ($0.21) to GBX 15.90 ($0.21) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 115.16% from the stock's current price.
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 17.50 ($0.23) target price on shares of Agronomics in a research note on Friday, November 29th.
Check Out Our Latest Report on Agronomics
Agronomics Stock Performance
Shares of LON:ANIC traded up GBX 0.19 ($0.00) on Monday, hitting GBX 7.39 ($0.10). The company's stock had a trading volume of 1,894,607 shares, compared to its average volume of 4,827,442. Agronomics has a 12 month low of GBX 3.65 ($0.05) and a 12 month high of GBX 8.95 ($0.12). The stock's 50-day moving average is GBX 5.34 and its two-hundred day moving average is GBX 4.82. The company has a market capitalization of £73.38 million, a price-to-earnings ratio of -165.21 and a beta of 1.47.
Insider Transactions at Agronomics
In other Agronomics news, insider James (Jim) Mellon acquired 1,300,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of GBX 4 ($0.05) per share, with a total value of £52,000 ($67,427.39). Company insiders own 16.63% of the company's stock.
Agronomics Company Profile
(
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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.
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