Afentra (LON:AET) Stock Keeps Buy Rating at Canaccord Genuity Group

Afentra (LON:AET)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 135 price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 80.24% from the company’s current price.

Afentra Stock Performance

AET traded up GBX 1 on Wednesday, reaching GBX 74.90. 248,897 shares of the stock were exchanged, compared to its average volume of 1,091,552. The company has a debt-to-equity ratio of 51.83, a current ratio of 1.45 and a quick ratio of 28.92. The company’s 50-day moving average price is GBX 75.24 and its 200 day moving average price is GBX 71.43. The firm has a market capitalization of £202.70 million, a PE ratio of -16.28 and a beta of 0.09. Afentra has a fifty-two week low of GBX 36.70 and a fifty-two week high of GBX 89.40.

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.