Afentra (LON:AET) Rating Increased to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Afentra (LON:AET) to a buy rating in a research note issued to investors on Thursday morning,London Stock Exchange reports. They currently have GBX 115 price objective on the stock, up from their previous price objective of GBX 80.

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of Afentra in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Price Performance

Afentra stock opened at GBX 83.60 on Thursday. The company has a market capitalization of £189.07 million, a P/E ratio of 6.48 and a beta of 0.09. The company has a debt-to-equity ratio of 35.42, a quick ratio of 28.92 and a current ratio of 0.84. Afentra has a fifty-two week low of GBX 33.07 and a fifty-two week high of GBX 87. The stock has a 50-day simple moving average of GBX 59.98 and a 200-day simple moving average of GBX 49.20.

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. 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.