Afentra’s (AET) “Buy” Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Afentra (LON:AET) in a report issued on Friday morning, MarketBeat reports.

Separately, Canaccord Genuity Group increased their price target on Afentra from GBX 94 to GBX 100 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 99.33.

Afentra Price Performance

Afentra stock opened at GBX 77.31 on Friday. The stock’s 50 day moving average price is GBX 53.57 and its two-hundred day moving average price is GBX 47.51. The stock has a market capitalization of £174.84 million, a price-to-earnings ratio of 5.99 and a beta of 0.09. The company has a debt-to-equity ratio of 35.42, a quick ratio of 28.92 and a current ratio of 0.84. Afentra has a 52-week low of GBX 33.07 and a 52-week high of GBX 77.43.

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.