Afentra’s (AET) Buy Rating Reiterated at Canaccord Genuity Group

Afentra (LON:AET)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 125 target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 76.30% from the company’s previous close.

Separately, Shore Capital Group restated a “buy” rating on shares of Afentra in a report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 107.67.

Afentra Stock Performance

Shares of AET stock opened at GBX 70.90 on Tuesday. The business’s 50 day simple moving average is GBX 63.04 and its 200 day simple moving average is GBX 65.55. Afentra has a one year low of GBX 36.70 and a one year high of GBX 89.40. The stock has a market capitalization of £195.07 million, a PE ratio of -50.64 and a beta of 0.09. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92.

Insider Buying and Selling at Afentra

In other Afentra news, insider Anastasia Deulina sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of GBX 59, for a total value of £59,000. Also, insider Gavin Hugh Lothian Wilson purchased 35,000 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were acquired at an average price of GBX 61 per share, for a total transaction of £21,350. Over the last three months, insiders have acquired 173,924 shares of company stock valued at $10,533,511 and have sold 164,833 shares valued at $9,854,813. Insiders own 37.09% of the company’s stock.

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.