Organigram (TSE:OGI) PT Lowered to C$4.35

Organigram (TSE:OGI) had its price target decreased by equities research analysts at Jefferies Financial Group from C$4.40 to C$4.35 in a research note issued on Friday, BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 60.52% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Alliance Global Partners lifted their target price on shares of Organigram from C$2.00 to C$2.70 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Canaccord Genuity Group lowered their target price on shares of Organigram from C$3.75 to C$3.25 and set a “speculative buy” rating on the stock in a report on Wednesday. Finally, ATB Capital set a C$5.25 target price on shares of Organigram and gave the company an “outperform” rating in a report on Wednesday, April 3rd.

Organigram Stock Down 1.8 %

Shares of TSE:OGI opened at C$2.71 on Friday. The company has a market cap of C$279.13 million, a price-to-earnings ratio of -1.08, a PEG ratio of 0.42 and a beta of 1.10. The firm’s 50-day simple moving average is C$2.78 and its 200-day simple moving average is C$2.35. The company has a quick ratio of 2.62, a current ratio of 6.95 and a debt-to-equity ratio of 1.75. Organigram has a fifty-two week low of C$1.35 and a fifty-two week high of C$3.95.

Insider Buying and Selling

In related news, Director Donald Geoffrey Machum sold 23,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$2.74, for a total transaction of C$62,964.80. 27.32% of the stock is owned by insiders.

About Organigram

Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.