Canaccord Genuity Group Lowers Farmers Edge (OTC:FMEGF) Price Target to C$0.40

Farmers Edge (OTC:FMEGFGet Rating) had its price target dropped by analysts at Canaccord Genuity Group from C$1.00 to C$0.40 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the stock.

Several other research firms have also recently weighed in on FMEGF. National Bank Financial reduced their price target on shares of Farmers Edge from C$1.00 to C$0.50 in a report on Thursday, October 20th. CIBC dropped their price target on shares of Farmers Edge from C$3.00 to C$1.00 in a research report on Tuesday, August 16th.

Farmers Edge Stock Performance

Shares of Farmers Edge stock opened at $0.32 on Wednesday. The firm’s 50-day simple moving average is $0.39 and its 200-day simple moving average is $1.10. Farmers Edge has a twelve month low of $0.32 and a twelve month high of $4.18.

Farmers Edge Company Profile

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Farmers Edge Inc develops digital agriculture solutions in Canada, the United States, Brazil, Australia, Russia, and Ukraine. It offers FarmCommand, a cloud-based analytics software platform that provides real-time monitoring, alerts, predictive models, and outcome-based data recommendations offered through web-based platform, mobile app, and universal terminal.

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