Afentra’s (AET) Buy Rating Reaffirmed at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of Afentra (LON:AET) in a research report report published on Tuesday morning,London Stock Exchange reports.

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

Afentra Stock Performance

Shares of LON:AET opened at GBX 85.40 on Tuesday. The company’s 50 day moving average price is GBX 58.40 and its two-hundred day moving average price is GBX 48.74. Afentra has a 12-month low of GBX 33.07 and a 12-month high of GBX 87. The firm has a market cap of £193.14 million, a PE ratio of 6.62 and a beta of 0.09. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42.

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.