Afentra’s (AET) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reissued their buy rating on shares of Afentra (LON:AET) in a research report sent to investors on Friday, Marketbeat Ratings reports.

Separately, Canaccord Genuity Group upped their price objective on shares of Afentra from GBX 94 to GBX 100 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 99.33.

Afentra Trading Up 5.3%

LON:AET opened at GBX 77.31 on Friday. The stock has a market cap of £174.84 million, a price-to-earnings ratio of 5.99 and a beta of 0.09. The company has a debt-to-equity ratio of 35.42, a quick ratio of 28.92 and a current ratio of 0.84. Afentra has a 1 year low of GBX 33.07 and a 1 year high of GBX 77.43. The business has a fifty day moving average of GBX 53.57 and a 200-day moving average of GBX 47.45.

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.