Afentra (LON:AET) Given New GBX 100 Price Target at Canaccord Genuity Group

Afentra (LON:AET) had its target price upped by Canaccord Genuity Group from GBX 94 to GBX 100 in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital Group reaffirmed a “buy” rating and set a GBX 113 price objective on shares of Afentra in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 99.33.

Afentra Price Performance

Afentra stock opened at GBX 61.80 on Wednesday. The company has a debt-to-equity ratio of 35.42, a current ratio of 0.84 and a quick ratio of 28.92. Afentra has a 12-month low of GBX 33.07 and a 12-month high of GBX 67.20. The firm’s 50-day moving average is GBX 49.86 and its two-hundred day moving average is GBX 46.59. The stock has a market capitalization of £139.76 million, a P/E ratio of 4.79 and a beta of 0.09.

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.