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

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a report released on Tuesday,Digital Look reports.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 90 ($1.17) target price on shares of Afentra in a research note on Thursday, January 23rd.

Afentra Price Performance

Shares of LON:AET opened at GBX 40.30 ($0.52) on Tuesday. The business’s 50 day simple moving average is GBX 45.76 and its 200-day simple moving average is GBX 46.66. The firm has a market capitalization of £113.82 million, a price-to-earnings ratio of 575.71 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. Afentra has a 12 month low of GBX 36.10 ($0.47) and a 12 month high of GBX 62.54 ($0.81).

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.