OrganiGram Holdings Inc. (OGI.TO) (TSE:OGI) Rating Lowered to Neutral at Alliance Global Partners


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Alliance Global Partners cut shares of OrganiGram Holdings Inc. (OGI.TO) (TSE:OGI) from a buy rating to a neutral rating in a research note published on Wednesday morning, Zacks.com reports.

OGI has been the topic of a number of other research reports. Haywood Securities reduced their target price on OrganiGram Holdings Inc. (OGI.TO) from C$2.50 to C$2.00 and set a hold rating on the stock in a research note on Tuesday, December 1st. Cantor Fitzgerald increased their price target on OrganiGram Holdings Inc. (OGI.TO) from C$5.00 to C$5.35 in a research report on Wednesday, September 16th. Jefferies Financial Group increased their target price on shares of OrganiGram Holdings Inc. (OGI.TO) from C$3.79 to C$3.89 in a report on Friday, December 4th. Canaccord Genuity cut shares of OrganiGram Holdings Inc. (OGI.TO) from a speculative buy rating to a hold rating and lowered their price target for the stock from C$2.50 to C$2.00 in a research report on Wednesday. Finally, CIBC boosted their price objective on shares of OrganiGram Holdings Inc. (OGI.TO) from C$2.00 to C$2.25 in a research note on Tuesday, December 1st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$3.43.

TSE OGI opened at C$2.11 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 5.85 and a debt-to-equity ratio of 39.72. The firm has a market cap of C$489.71 million and a price-to-earnings ratio of -2.67. OrganiGram Holdings Inc. has a twelve month low of C$0.00 and a twelve month high of C$4.74. The business has a 50-day moving average price of C$1.83 and a 200-day moving average price of C$1.73.

OrganiGram Holdings Inc. (OGI.TO) (TSE:OGI) last issued its quarterly earnings results on Monday, November 30th. The company reported C($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.04). The company had revenue of C$20.40 million during the quarter, compared to the consensus estimate of C$19.72 million. Research analysts expect that OrganiGram Holdings Inc. will post -0.02 EPS for the current fiscal year.

OrganiGram Holdings Inc. (OGI.TO) Company Profile

Organigram Holdings Inc, through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers cannabis flowers, extracts, edibles and oils, beverages, and other cannabis products for adult recreational market under the Edison Reserve, Edison Cannabis Co, ANKR Organics, and Trailblazer brands; and medical cannabis products, including strains, cannabis oils, extracts, edibles, beverages, and vaporizers for the medical market.

Further Reading: Intrinsic Value

Analyst Recommendations for OrganiGram Holdings Inc. (OGI.TO) (TSE:OGI)

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