Canaccord Genuity Group Cuts Atome (LON:ATOM) Price Target to GBX 115

Atome (LON:ATOM) had its target price dropped by research analysts at Canaccord Genuity Group from GBX 140 to GBX 115 in a research note issued on Friday,Digital Look reports. The brokerage presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 92.31% from the company’s current price.

Atome Stock Performance

LON:ATOM opened at GBX 59.80 on Friday. The company has a market capitalization of £30.47 million, a P/E ratio of -3.97 and a beta of 0.52. The business has a fifty day simple moving average of GBX 65.68 and a two-hundred day simple moving average of GBX 58.89. The company has a debt-to-equity ratio of 46.56, a current ratio of 0.22 and a quick ratio of 5.80. Atome has a 1 year low of GBX 38.11 and a 1 year high of GBX 94.28.

Insiders Place Their Bets

In other news, insider Peter M. Levine acquired 4,753,086 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of GBX 60 per share, for a total transaction of £2,851,851.60. Also, insider James E. C. Spalding (Hellmers) bought 198,347 shares of Atome stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of GBX 60 per share, with a total value of £119,008.20. Insiders purchased a total of 5,480,563 shares of company stock worth $328,833,780 in the last ninety days. 38.52% of the stock is owned by corporate insiders.

Atome Company Profile

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.