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

Shore Capital reaffirmed their buy rating on shares of Afentra (LON:AET) in a research note published 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 report on Thursday, January 23rd.

Afentra Stock Performance

Shares of AET opened at GBX 40.40 ($0.52) on Tuesday. The business’s fifty day moving average price is GBX 45.58 and its 200 day moving average price is GBX 46.61. Afentra has a 12-month low of GBX 36.10 ($0.47) and a 12-month high of GBX 62.54 ($0.81). The stock has a market capitalization of £114.11 million, a PE ratio of 577.14 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.

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.