Afentra (LON:AET) Earns Buy Rating from Shore Capital

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital in a report issued on Tuesday, MarketBeat reports. They currently have a GBX 114 ($1.53) price objective on the stock. Shore Capital’s target price would suggest a potential upside of 128.00% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 75 ($1.01) target price on shares of Afentra in a research report on Friday, April 25th.

Afentra Stock Performance

Shares of AET stock opened at GBX 50 ($0.67) on Tuesday. The stock has a market cap of £141.22 million, a PE ratio of 714.29 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. The stock has a 50-day moving average of GBX 45.72 and a 200-day moving average of GBX 44. Afentra has a one year low of GBX 33.07 ($0.44) and a one year high of GBX 58 ($0.78).

Insider Buying and Selling at Afentra

In related news, insider Ian Richard Cloke sold 103,158 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of GBX 40 ($0.54), for a total transaction of £41,263.20 ($55,371.98). Over the last quarter, insiders purchased 101,363 shares of company stock worth $4,057,457. 53.87% 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.