Agronomics’ (ANIC) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Agronomics (LON:ANIC) in a research report released on Thursday, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 16.50 ($0.20) price target on the stock, down from their prior price target of GBX 17 ($0.21).

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

Agronomics Stock Performance

Agronomics stock opened at GBX 3.85 ($0.05) on Thursday. The company has a fifty day simple moving average of GBX 3.95 and a 200 day simple moving average of GBX 4.79. Agronomics has a 1-year low of GBX 3.65 ($0.05) and a 1-year high of GBX 10.50 ($0.13). The company has a market cap of £38.89 million, a P/E 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.