OrganiGram (CVE:OGI) Given a C$9.00 Price Target at Raymond James

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Raymond James set a C$9.00 price target on OrganiGram (CVE:OGI) in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Haywood Securities decreased their target price on OrganiGram from C$8.00 to C$7.50 in a research report on Tuesday, November 26th. Jefferies Financial Group reduced their price objective on shares of OrganiGram from C$8.20 to C$5.00 in a research note on Thursday, January 2nd. AltaCorp Capital reduced their price objective on shares of OrganiGram from C$13.15 to C$6.50 in a research note on Tuesday, November 12th. Canaccord Genuity reduced their price objective on shares of OrganiGram from C$8.50 to C$7.00 in a research note on Wednesday, November 13th. Finally, CIBC reduced their price objective on shares of OrganiGram from C$9.00 to C$5.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of C$6.44.

The company has a debt-to-equity ratio of 14.71, a quick ratio of 4.14 and a current ratio of 9.06. The company has a market cap of $661.23 million and a P/E ratio of 28.02. The business’s 50-day moving average is C$6.22 and its 200-day moving average is C$7.97. OrganiGram has a 52 week low of C$4.11 and a 52 week high of C$11.30.

About OrganiGram

OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.

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Analyst Recommendations for OrganiGram (CVE:OGI)

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