Canaccord Genuity Group Reiterates Buy Rating for Agronomics (LON:ANIC)

Agronomics (LON:ANIC)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 13.30 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 150.94% from the stock’s previous close.

Agronomics Stock Performance

LON ANIC opened at GBX 5.30 on Tuesday. The stock has a 50-day simple moving average of GBX 6.09 and a 200 day simple moving average of GBX 6.30. Agronomics has a twelve month low of GBX 4.80 and a twelve month high of GBX 9.30. The stock has a market capitalization of £57.42 million, a PE ratio of -3.31 and a beta of 0.98.

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. This disruption will decouple supply chains from the environment and animals, as well as being fundamental to feeding the world’s expanding population.