Canaccord Genuity Group Has Lowered Expectations for Agronomics (LON:ANIC) Stock Price

Agronomics (LON:ANIC) had its price target decreased by equities research analysts at Canaccord Genuity Group from GBX 16 ($0.21) to GBX 15.90 ($0.21) in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 127.47% from the company’s current price.

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

Agronomics Trading Up 0.2 %

Shares of LON:ANIC traded up GBX 0.02 ($0.00) on Monday, hitting GBX 6.99 ($0.09). 1,485,375 shares of the company were exchanged, compared to its average volume of 5,072,940. The firm has a market capitalization of £69.41 million, a P/E ratio of -156.27 and a beta of 1.47. Agronomics has a 1-year low of GBX 3.65 ($0.05) and a 1-year high of GBX 9.30 ($0.12). The stock’s 50 day moving average price is GBX 5.09 and its 200 day moving average price is GBX 4.77.

Insider Activity

In related news, insider James (Jim) Mellon bought 1,300,000 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £52,000 ($67,218.20). Company insiders own 16.63% of the company’s stock.

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.