Shore Capital Reiterates Buy Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a report issued on Tuesday, MarketBeat reports. They presently have a GBX 113 price target on the stock. Shore Capital’s target price would indicate a potential upside of 181.80% from the stock’s current price.

A number of other analysts have also recently issued reports on AET. Canaccord Genuity Group raised their target price on shares of Afentra from GBX 88 to GBX 90 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Peel Hunt reissued a “buy” rating and issued a GBX 85 price target on shares of Afentra in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Afentra has a consensus rating of “Buy” and a consensus target price of GBX 96.

Afentra Trading Down 2.2%

Shares of Afentra stock opened at GBX 40.10 on Tuesday. The business has a fifty day simple moving average of GBX 45.57 and a two-hundred day simple moving average of GBX 47.08. Afentra has a 1 year low of GBX 33.07 and a 1 year high of GBX 56.20. The company has a market capitalization of £90.69 million, a price-to-earnings ratio of 3.11 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

Insider Buying and Selling

In related news, insider Andrew Osborne acquired 225,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of GBX 47 per share, with a total value of £105,750. 41.93% of the stock is currently owned by company insiders.

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.