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

Canaccord Genuity Group reiterated their buy rating on shares of Afentra (LON:AET) in a report issued on Tuesday morning,Digital Look reports. Canaccord Genuity Group currently has a GBX 125 target price on the stock.

Separately, Shore Capital Group reissued a “buy” rating on shares of Afentra in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Afentra currently has a consensus rating of “Buy” and a consensus target price of GBX 107.67.

Afentra Price Performance

Afentra stock opened at GBX 73.10 on Tuesday. The company has a debt-to-equity ratio of 34.12, a quick ratio of 28.92 and a current ratio of 0.56. The firm has a market cap of £201.12 million, a P/E ratio of -52.21 and a beta of 0.09. The business’s fifty day moving average is GBX 63.12 and its two-hundred day moving average is GBX 66.18. Afentra has a 52 week low of GBX 36.70 and a 52 week high of GBX 89.40.

Insiders Place Their Bets

In other news, insider Gavin Hugh Lothian Wilson acquired 35,000 shares of Afentra stock in a transaction dated Wednesday, July 8th. The stock was bought at an average cost of GBX 61 per share, with a total value of £21,350. Also, insider Ian Richard Cloke sold 32,833 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of GBX 61, for a total value of £20,028.13. In the last 90 days, insiders bought 173,924 shares of company stock worth $10,533,511 and sold 164,833 shares worth $9,854,813. Corporate insiders own 37.09% of the company’s stock.

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.