Canaccord Genuity Group Reaffirms “Buy” Rating for Agronomics (LON:ANIC)

Agronomics (LON:ANIC)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 13.30 price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 150.94% from the company’s current price.

Agronomics Trading Up 1.9%

Shares of Agronomics stock opened at GBX 5.30 on Tuesday. Agronomics has a 1 year low of GBX 4.80 and a 1 year high of GBX 9.30. The company has a market cap of £57.42 million, a P/E ratio of -3.31 and a beta of 0.98. The stock has a 50-day moving average price of GBX 6.04 and a 200 day moving average price of GBX 6.28.

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.