Organigram (TSE:OGI – Get Rating) had its price target cut by research analysts at Jefferies Financial Group from C$1.80 to C$1.50 in a research note issued to investors on Friday, BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 114.29% from the company’s previous close.
OGI has been the topic of a number of other reports. Canaccord Genuity Group dropped their target price on Organigram from C$3.25 to C$2.25 in a research report on Thursday, April 13th. Haywood Securities lowered their target price on Organigram from C$1.60 to C$1.25 in a report on Thursday, April 13th. Alliance Global Partners lowered their target price on Organigram from C$1.50 to C$1.30 in a report on Friday, January 13th. Stifel Nicolaus decreased their price objective on Organigram from C$1.50 to C$1.25 in a report on Thursday, April 13th. Finally, ATB Capital decreased their price objective on Organigram from C$2.50 to C$2.25 in a report on Thursday, April 13th.
Organigram Price Performance
Shares of Organigram stock opened at C$0.70 on Friday. The business’s fifty day moving average price is C$0.92 and its 200 day moving average price is C$1.13. The company has a current ratio of 6.50, a quick ratio of 2.62 and a debt-to-equity ratio of 0.04. Organigram has a twelve month low of C$0.67 and a twelve month high of C$1.93. The stock has a market capitalization of C$219.81 million, a P/E ratio of -23.33, a PEG ratio of 0.42 and a beta of 1.38.
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 cannabis flowers, gummies, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the SHRED, Big Bag O' Buds, Monjour, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands; and cannabis edibles products and concentrates.
Further Reading
- MarketBeat Week in Review – 4/17 – 4/21
- 2 Industrial Strength Dividend Stocks Melting Up
- Proctor & Gamble Is Going To Set A New High
- AutoNation’s Plans are Keeping Analysts Around
- Netflix Increases Buybacks: Can It Complete A Reversal In 2023?
Receive News & Ratings for Organigram Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Organigram and related companies with MarketBeat.com's FREE daily email newsletter.
