Canaccord Genuity Group Initiates Coverage on Origin Enterprises (LON:OGN)

Analysts at Canaccord Genuity Group started coverage on shares of Origin Enterprises (LON:OGNGet Rating) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a GBX 490 ($6.14) price target on the stock.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Origin Enterprises in a research report on Wednesday, March 15th.

Origin Enterprises Price Performance

Shares of OGN opened at GBX 3.85 ($0.05) on Monday. Origin Enterprises has a twelve month low of GBX 3.30 ($0.04) and a twelve month high of GBX 4.75 ($0.06). The firm’s fifty day simple moving average is GBX 4.06 and its 200-day simple moving average is GBX 4.10. The firm has a market capitalization of £4.26 million, a price-to-earnings ratio of 6.11 and a beta of 0.70. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 70.09.

Origin Enterprises Company Profile

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Origin Enterprises plc provides agronomy services company in Ireland, the United Kingdom, Belgium, Brazil, Poland, Romania, Ukraine, and Latin America. It develops products and services to improve soil fertility, nutrient use efficiency, and crop productivity. The company provides integrated agronomy and on-farm services comprising agronomy advice, services, and inputs directly to arable, fruit, and vegetable growers; and seed, nutrients, crop protection products and digital tools.

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