Organigram Holdings Inc. (TSE:OGI) Receives Consensus Rating of “Moderate Buy” from Analysts

Organigram Holdings Inc. (TSE:OGI – Get Rating) has earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$2.15.

Several brokerages recently issued reports on OGI. Jefferies Financial Group reduced their target price on Organigram from C$2.60 to C$2.00 in a research report on Friday, December 23rd. Stifel Nicolaus raised Organigram from a “hold” rating to a “buy” rating in a report on Friday. Finally, Alliance Global Partners reduced their price target on Organigram from C$1.50 to C$1.30 in a report on Friday.

Organigram Trading Down 0.8 %

Shares of TSE:OGI opened at C$1.32 on Tuesday. The stock’s 50-day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.31. Organigram has a 52-week low of C$0.96 and a 52-week high of C$2.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.62 and a current ratio of 4.01. The stock has a market capitalization of C$414.29 million and a price-to-earnings ratio of -11.19.

Organigram (TSE:OGI – Get Rating) last issued its earnings results on Monday, November 28th. The company reported C($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.02). The firm had revenue of C$45.48 million for the quarter, compared to the consensus estimate of C$43.15 million. Analysts expect that Organigram will post -0.12 EPS for the current year.

Organigram Company Profile

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Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, gummies, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the SHRED, Big Bag O' Buds, Monjour, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands; and cannabis edibles products and concentrates.