Canaccord Genuity Group Has Lowered Expectations for Atome (LON:ATOM) Stock Price

Atome (LON:ATOM) had its price objective reduced by investment analysts at Canaccord Genuity Group from GBX 140 to GBX 115 in a research note issued to investors on Friday,Digital Look reports. The firm presently has a “speculative buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 92.31% from the company’s previous close.

Atome Trading Down 0.3%

Shares of ATOM stock opened at GBX 59.80 on Friday. The company has a market cap of £30.47 million, a P/E ratio of -3.97 and a beta of 0.52. Atome has a fifty-two week low of GBX 38.11 and a fifty-two week high of GBX 94.28. The company has a debt-to-equity ratio of 46.56, a quick ratio of 5.80 and a current ratio of 0.22. The stock has a 50 day simple moving average of GBX 65.68 and a two-hundred day simple moving average of GBX 58.89.

Insider Transactions at Atome

In other news, insider Robert Anthony Sheffrin purchased 57,482 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of GBX 60 per share, for a total transaction of £34,489.20. Also, insider James E. C. Spalding (Hellmers) purchased 198,347 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of GBX 60 per share, with a total value of £119,008.20. In the last quarter, insiders purchased 5,480,563 shares of company stock valued at $328,833,780. 38.52% of the stock is owned by insiders.

Atome Company Profile

ATOME PLC is the first green fertiliser production company listed on the UK market with large-scale production planned in Paraguay and Costa Rica, targeting the fast-growing global demand for green products.