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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by investment 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 target indicates a potential upside of 89.34% from the stock’s current price.

Afentra Stock Up 1.7%

Afentra stock traded up GBX 1.20 during mid-day trading on Wednesday, reaching GBX 71.30. The stock had a trading volume of 601,092 shares, compared to its average volume of 1,088,897. 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 fifty-two week low of GBX 36.70 and a fifty-two week high of GBX 89.40. The stock’s 50-day simple moving average is GBX 75.22 and its 200-day simple moving average is GBX 71.27. The firm has a market capitalization of £192.96 million, a PE ratio of -15.50 and a beta of 0.09.

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.