Shore Capital Group Reaffirms “Buy” Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by Shore Capital Group in a note issued to investors on Tuesday,London Stock Exchange reports.

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

Afentra Trading Up 2.4%

Afentra stock traded up GBX 2 during trading hours on Tuesday, reaching GBX 84.80. 1,887,988 shares of the company’s stock were exchanged, compared to its average volume of 1,268,072. The firm’s 50 day simple moving average is GBX 57.59 and its 200 day simple moving average is GBX 48.50. Afentra has a twelve month low of GBX 33.07 and a twelve month high of GBX 86.76. 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 firm has a market capitalization of £191.78 million, a PE ratio of 6.57 and a beta of 0.09.

About Afentra

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.