Peel Hunt Reaffirms Buy Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a GBX 85 target price on the stock. Peel Hunt’s target price would suggest a potential upside of 107.32% from the company’s current price.

Other equities analysts have also issued research reports about the company. Canaccord Genuity Group increased their target price on Afentra from GBX 88 to GBX 90 and gave the company a “buy” rating in a report on Thursday, September 18th. Shore Capital reaffirmed a “buy” rating on shares of Afentra in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Afentra has an average rating of “Buy” and a consensus target price of GBX 96.33.

Afentra Stock Performance

LON:AET opened at GBX 41 on Wednesday. The firm has a market capitalization of £92.72 million, a PE ratio of 317.83 and a beta of 0.10. The business’s fifty day moving average price is GBX 48.47 and its 200 day moving average price is GBX 45.60. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. Afentra has a 12 month low of GBX 33.07 and a 12 month high of GBX 56.20.

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.