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

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Raymond James set a C$9.00 price objective on OrganiGram (TSE:OGI) in a report released on Tuesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on the stock. Pi Financial set a C$7.00 price objective on shares of OrganiGram and gave the stock a buy rating in a report on Thursday, January 16th. Jefferies Financial Group raised their price objective on shares of OrganiGram from C$5.00 to C$5.50 in a report on Monday, January 20th. CIBC dropped their price objective on shares of OrganiGram from C$9.00 to C$5.00 in a report on Friday, January 10th. Cormark dropped their price objective on shares of OrganiGram from C$10.00 to C$4.50 in a report on Tuesday, November 26th. Finally, AltaCorp Capital lowered shares of OrganiGram from an outperform rating to a sector perform rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. OrganiGram has an average rating of Buy and a consensus price target of C$6.50.

Shares of TSE:OGI opened at C$2.75 on Tuesday. OrganiGram has a 12 month low of C$1.95 and a 12 month high of C$11.30. The company has a quick ratio of 1.11, a current ratio of 3.92 and a debt-to-equity ratio of 26.26. The company’s fifty day simple moving average is C$2.86 and its 200 day simple moving average is C$4.13. The firm has a market cap of $443.33 million and a price-to-earnings ratio of -10.22.

OrganiGram (TSE:OGI) last issued its quarterly earnings data on Tuesday, January 14th. The company reported C($0.02) EPS for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.02. The company had revenue of C$25.15 million for the quarter, compared to analyst estimates of C$19.26 million. Research analysts expect that OrganiGram will post 0.21 earnings per share for the current fiscal year.

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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