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

Afentra (LON:AET)‘s stock had its “buy” rating restated by analysts at Shore Capital in a report released on Thursday,Digital Look reports.

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

Afentra Price Performance

LON:AET traded up GBX 0.10 ($0.00) during trading hours on Thursday, hitting GBX 47.80 ($0.60). 758,617 shares of the company’s stock traded hands, compared to its average volume of 822,905. Afentra has a 52 week low of GBX 36.15 ($0.45) and a 52 week high of GBX 62.54 ($0.78). The business’s fifty day simple moving average is GBX 47.38 and its two-hundred day simple moving average is GBX 48.64. The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The firm has a market cap of £108.10 million, a P/E ratio of 682.86 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.