Shore Capital Reiterates “Buy” Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by investment analysts at Shore Capital in a report issued on Thursday, Marketbeat.com reports. They presently have a GBX 113 price objective on the stock. Shore Capital’s target price points to a potential upside of 159.17% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 85 target price on shares of Afentra in a report on Wednesday, October 15th. Canaccord Genuity Group restated a “buy” rating and set a GBX 90 price target on shares of Afentra in a research report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 96.

Afentra Stock Performance

Shares of LON:AET opened at GBX 43.60 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. Afentra has a 1 year low of GBX 33.07 and a 1 year high of GBX 56.20. The firm has a market capitalization of £98.60 million, a PE ratio of 3.38 and a beta of 0.10. The business’s 50 day moving average price is GBX 40.96 and its 200-day moving average price is GBX 45.60.

Insider Buying and Selling at Afentra

In other news, insider Andrew Osborne purchased 225,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average price of GBX 47 per share, for a total transaction of £105,750. 42.03% of the stock is currently owned by company insiders.

Afentra Company Profile

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.