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

Agronomics (LON:ANIC) had its price objective decreased by Canaccord Genuity Group from GBX 16 ($0.21) to GBX 15.90 ($0.21) in a research note published on Monday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

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

Agronomics Stock Performance

Shares of LON:ANIC opened at GBX 7.22 ($0.09) on Monday. The stock has a market capitalization of £71.70 million, a price-to-earnings ratio of -161.44 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 9.20 ($0.12). The company has a 50 day moving average price of GBX 5.28 and a 200 day moving average price of GBX 4.81.

Insider Buying and Selling

In other news, insider James (Jim) Mellon acquired 1,300,000 shares of the firm’s 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 ($67,646.68). 16.63% of the stock is currently owned by insiders.

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.