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

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

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 90 ($1.12) price target on shares of Afentra in a research note on Thursday, January 23rd.

Afentra Stock Performance

LON:AET opened at GBX 47.70 ($0.59) on Thursday. The firm has a market capitalization of £107.88 million, a PE ratio of 681.43 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. The business’s fifty day moving average price is GBX 47.46 and its 200 day moving average price is GBX 48.58. Afentra has a 12 month low of GBX 36.15 ($0.45) and a 12 month high of GBX 62.54 ($0.78).

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.