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

Agronomics (LON:ANIC)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 16.50 ($0.20) price target on the stock, down from their prior price target of GBX 17 ($0.21). Canaccord Genuity Group’s price target points to a potential upside of 328.57% from the stock’s previous close.

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

Agronomics Stock Performance

Shares of LON:ANIC opened at GBX 3.85 ($0.05) on Thursday. The business has a 50-day simple moving average of GBX 3.95 and a two-hundred day simple moving average of GBX 4.78. The firm has a market cap of £38.89 million, a price-to-earnings ratio of 470.00 and a beta of 1.47. Agronomics has a fifty-two week low of GBX 3.65 ($0.05) and a fifty-two week high of GBX 10.50 ($0.13).

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.