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

Afentra (LON:AET)‘s stock had its “buy” rating reissued by investment analysts at Shore Capital in a research note issued on Tuesday,Digital Look reports.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 90 ($1.17) price target on shares of Afentra in a research report on Thursday, January 23rd.

Afentra Stock Performance

Shares of AET stock opened at GBX 40.30 ($0.52) on Tuesday. The stock has a market capitalization of £113.82 million, a PE ratio of 575.71 and a beta of 0.10. Afentra has a 52-week low of GBX 36.10 ($0.47) and a 52-week high of GBX 62.54 ($0.81). The stock’s 50-day moving average price is GBX 45.76 and its 200 day moving average price is GBX 46.66. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96.

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.