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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research note issued on Thursday, Marketbeat reports.

Separately, Canaccord Genuity Group started coverage on Afentra in a research note on Thursday, September 19th. They issued a “buy” rating and a GBX 80 ($1.04) price objective on the stock.

Afentra Price Performance

Afentra stock opened at GBX 45.70 ($0.59) on Thursday. 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 52-week low of GBX 27.50 ($0.36) and a 52-week high of GBX 62.54 ($0.81). The firm has a market cap of £103.36 million, a PE ratio of 652.86 and a beta of 0.10. The company’s 50 day moving average is GBX 48.39 and its two-hundred day moving average is GBX 51.37.

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.