Agronomics Limited (LON:ANIC – Get Free Report) dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 5.60 and last traded at GBX 5.60. Approximately 1,876,972 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 2,239,522 shares. The stock had previously closed at GBX 5.64.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their target price on Agronomics from GBX 14 to GBX 13.30 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Agronomics presently has a consensus rating of “Buy” and an average target price of GBX 13.30.
Check Out Our Latest Stock Report on ANIC
Agronomics Trading Down 3.5%
Agronomics Company Profile
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.
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