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

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

Afentra Price Performance

Shares of Afentra stock traded up GBX 1.20 during trading on Wednesday, hitting GBX 71.30. The stock had a trading volume of 601,092 shares, compared to its average volume of 1,088,897. The firm has a market cap of £192.96 million, a price-to-earnings ratio of -15.50 and a beta of 0.09. Afentra has a 12 month low of GBX 36.70 and a 12 month high of GBX 89.40. The business’s 50-day moving average is GBX 75.23 and its 200 day moving average is GBX 71.27. The company has a current ratio of 1.45, a quick ratio of 28.92 and a debt-to-equity ratio of 51.83.

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.