Afentra’s (AET) “Buy” Rating Reiterated at Canaccord Genuity Group

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a report released on Wednesday, MarketBeat reports. They presently have a GBX 96 ($1.24) price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 137.62% from the stock’s previous close.

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

Afentra Trading Up 0.2 %

LON AET opened at GBX 40.40 ($0.52) on Wednesday. Afentra has a 12 month low of GBX 36.10 ($0.47) and a 12 month high of GBX 62.54 ($0.81). The company has a 50-day moving average of GBX 45.58 and a 200-day moving average of GBX 46.61. 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 company has a market cap of £114.11 million, a P/E ratio of 577.14 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.