Canaccord Genuity Group Reaffirms Buy Rating for Afentra (LON:AET)

Canaccord Genuity Group reaffirmed their buy rating on shares of Afentra (LON:AET) in a research note published on Wednesday morning, Marketbeat.com reports. The firm currently has a GBX 96 ($1.25) price objective on the stock.

Separately, Shore Capital reissued a “buy” rating on shares of Afentra in a research report on Tuesday.

Afentra Price Performance

Shares of LON AET opened at GBX 40.30 ($0.52) on Wednesday. Afentra has a 1 year low of GBX 36.10 ($0.47) and a 1 year high of GBX 62.54 ($0.81). The stock has a market capitalization of £113.82 million, a P/E ratio of 575.71 and a beta of 0.10. The company’s 50-day moving average is GBX 45.76 and its 200 day moving average is GBX 46.66. 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 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.