Bullboard - Stock Discussion Forum Farmers Edge Inc T.FDGE

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Farmers Edge Inc. is a Canada-based agriculture technology company with a portfolio of technological solutions, spanning hardware, software, and services. The Company operates through two segments: digital agronomy operations and e-commerce operations. The digital agronomy operations segment offers a suite of digital agronomy solutions to growers and others in the agriculture ecosystem. The e... see more

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TSX:FDGE - Post Discussion

Farmers Edge Inc > Farmers Edge: Canaccord, National Bank Initiate With $25 PT

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Post by AwareInvestor on Mar 26, 2021 1:27pm

Farmers Edge: Canaccord, National Bank Initiate With $25 PT

Early this month Farmers Edge inc completed their $125 million IPO on the TSX, with the IPO later seeing the over-allotment fully subscribed, bringing the total figure to $143.8 million. Farmers Edge is focused on digital agriculture, whereby it provides farmers with what it refers to as “cutting-edge solutions powered by a unique combination of field-centric data, artificial intelligence, and complete integration.” The company currently has 40.7 million common shares outstanding, 21.0% of which are not held by major shareholders.

Earlier this week, Canaccord became the second investment bank to initiate coverage on the name, with a C$25 price target and buy rating, while National Bank also initiated coverage with the exact same price target and outperform rating on the company.

https://thedeepdive.ca/farmers-edge-canaccord-national-bank-initiate-with-25-price-target/

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Comment by argon12 on Mar 27, 2021 11:12pm

These targets by the Investments Banks that took this company public are a joke. Fairfax basically took the company public because investors have a love affair for companies that make no money but potentially. Buyer beware.

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