Afentra (LON:AET) Hits New 1-Year High – Here’s What Happened

Afentra plc (LON:AET) shares hit a new 52-week high on Monday . The stock traded as high as GBX 57.40 and last traded at GBX 55.20, with a volume of 1027749 shares. The stock had previously closed at GBX 53.60.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AET. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 90 price objective on shares of Afentra in a research report on Monday, December 1st. Shore Capital Group reissued a “buy” rating and issued a GBX 113 price objective on shares of Afentra in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 96.

Afentra Price Performance

The stock has a market cap of £124.84 million, a PE ratio of 4.28 and a beta of 0.10. The company has a 50-day simple moving average of GBX 44.76 and a 200-day simple moving average of GBX 45.58. 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. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.