Agronomics (LON:ANIC) Earns Buy Rating from Canaccord Genuity Group

Agronomics (LON:ANIC)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 16.50 ($0.21) target price on the stock, down from their previous target price of GBX 17 ($0.21). Canaccord Genuity Group’s price objective points to a potential upside of 328.57% from the company’s previous close.

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

Agronomics Stock Performance

LON ANIC traded up GBX 0.18 ($0.00) during trading hours on Thursday, hitting GBX 3.85 ($0.05). The company had a trading volume of 6,159,277 shares, compared to its average volume of 3,129,614. The firm has a 50 day simple moving average of GBX 3.95 and a 200 day simple moving average of GBX 4.79. Agronomics has a 52 week low of GBX 3.65 ($0.05) and a 52 week high of GBX 10.50 ($0.13). The firm has a market capitalization of £38.89 million, a price-to-earnings ratio of 470.00 and a beta of 1.47.

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.