Agronomics (LON:ANIC) Given New GBX 15.90 Price Target at Canaccord Genuity Group

Agronomics (LON:ANIC) had its price objective trimmed by Canaccord Genuity Group from GBX 16 ($0.21) to GBX 15.90 ($0.21) in a research report released on Monday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

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

Agronomics Stock Down 1.1 %

Shares of LON:ANIC opened at GBX 6.90 ($0.09) on Monday. Agronomics has a 52-week low of GBX 3.65 ($0.05) and a 52-week high of GBX 9.30 ($0.12). The stock’s fifty day simple moving average is GBX 5.15 and its 200-day simple moving average is GBX 4.79. The company has a market capitalization of £68.51 million, a P/E ratio of -154.26 and a beta of 1.47.

Insider Activity

In other Agronomics news, insider James (Jim) Mellon purchased 1,300,000 shares of Agronomics stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average price of GBX 4 ($0.05) per share, with a total value of £52,000 ($67,541.24). Insiders own 16.63% of the company’s stock.

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.