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 issued to investors on Thursday, MarketBeat.com reports.

Separately, Canaccord Genuity Group initiated coverage on shares of Afentra in a research report on Thursday, September 19th. They set a “buy” rating and a GBX 80 ($1.04) target price on the stock.

Afentra Stock Down 2.6 %

LON:AET opened at GBX 45.70 ($0.59) on Thursday. The firm’s 50 day simple moving average is GBX 48.31 and its 200 day simple moving average is GBX 51.45. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. Afentra has a one year low of GBX 27.50 ($0.36) and a one year high of GBX 62.54 ($0.81). The company has a market cap of £103.36 million, a PE ratio of 652.86 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.