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.
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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