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

Afentra (LON:AET)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a research report issued to clients and investors on Tuesday,Digital Look reports.

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

Afentra Price Performance

LON AET traded up GBX 1.10 ($0.01) during trading hours on Tuesday, reaching GBX 40.70 ($0.53). The company’s stock had a trading volume of 1,973,876 shares, compared to its average volume of 860,111. The firm’s 50-day moving average price is GBX 45.93 and its 200-day moving average price is GBX 46.70. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. Afentra has a 1 year low of GBX 36.10 ($0.47) and a 1 year high of GBX 62.54 ($0.81). The company has a market capitalization of £114.95 million, a price-to-earnings ratio of 581.43 and a beta of 0.10.

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.