Shore Capital Group Reaffirms Buy Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reissued by analysts at Shore Capital Group in a research report issued on Thursday, Marketbeat reports.

Separately, Canaccord Genuity Group upgraded shares of Afentra to a “buy” rating and raised their price objective for the stock from GBX 80 to GBX 115 in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 104.33.

Afentra Price Performance

Shares of LON:AET opened at GBX 76 on Thursday. Afentra has a 12 month low of GBX 35.33 and a 12 month high of GBX 89.40. The firm has a 50 day moving average of GBX 70.31 and a 200-day moving average of GBX 52.76. The company has a current ratio of 0.84, a quick ratio of 28.92 and a debt-to-equity ratio of 35.42. The stock has a market capitalization of £171.88 million, a PE ratio of 5.89 and a beta of 0.09.

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.