Afentra (LON:AET) Earns Buy Rating from Shore Capital Group

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital Group in a report released on Thursday,London Stock Exchange reports.

Separately, Canaccord Genuity Group raised shares of Afentra to a “buy” rating and raised their price target for the company from GBX 80 to GBX 115 in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 104.33.

Afentra Stock Down 2.4%

LON:AET traded down GBX 1.90 during trading hours on Thursday, hitting GBX 77. 598,234 shares of the company traded hands, compared to its average volume of 1,354,085. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42. The company has a market cap of £174.14 million, a PE ratio of 5.97 and a beta of 0.09. The firm’s 50-day simple moving average is GBX 69.35 and its 200-day simple moving average is GBX 52.40. Afentra has a one year low of GBX 35.33 and a one year high of GBX 89.40.

Afentra Company Profile

Afentra plc, together with its subsidiaries, operates as an upstream oil and gas company primarily in Africa. The company is involved in the appraisal, exploration, development, and production of oil and gas. It holds 34% interest in an exploration project covering approximately 22,840 square kilometers located in Somaliland. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.