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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 135 price target on the stock. Canaccord Genuity Group‘s price objective would suggest a potential upside of 89.34% from the company’s current price.

Afentra Stock Performance

Shares of LON:AET traded up GBX 1.20 during midday trading on Wednesday, reaching GBX 71.30. 601,092 shares of the company’s stock traded hands, compared to its average volume of 1,088,897. The company has a market cap of £192.96 million, a price-to-earnings ratio of -15.50 and a beta of 0.09. The company has a debt-to-equity ratio of 51.83, a quick ratio of 28.92 and a current ratio of 1.45. Afentra has a one year low of GBX 36.70 and a one year high of GBX 89.40. The stock has a 50 day moving average of GBX 75.22 and a 200 day moving average of GBX 71.27.

About Afentra

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.