Afentra (LON:AET) Given “Buy” Rating at Shore Capital

Shore Capital restated their buy rating on shares of Afentra (LON:AET) in a report issued on Thursday, Marketbeat Ratings reports. Shore Capital currently has a GBX 113 price target on the stock.

Several other research analysts also recently weighed in on the company. Peel Hunt reiterated a “buy” rating and issued a GBX 85 price target on shares of Afentra in a report on Wednesday, October 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 90 target price on shares of Afentra in a research note on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 96.

Afentra Stock Performance

LON:AET opened at GBX 41.20 on Thursday. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The firm has a market cap of £93.18 million, a PE ratio of 3.19 and a beta of 0.10. The firm has a 50 day simple moving average of GBX 41 and a 200-day simple moving average of GBX 45.63. Afentra has a 1-year low of GBX 33.07 and a 1-year high of GBX 56.20.

Insider Activity at Afentra

In other news, insider Andrew Osborne bought 225,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of GBX 47 per share, with a total value of £105,750. 42.03% of the stock is currently owned by 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. 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.