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

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 135 price objective on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 89.85% from the company’s current price.

Afentra Stock Performance

Shares of Afentra stock traded down GBX 3.49 during trading hours on Wednesday, reaching GBX 71.11. The company had a trading volume of 709,371 shares, compared to its average volume of 1,089,980. The business has a fifty day simple moving average of GBX 75.28 and a 200 day simple moving average of GBX 71.36. The firm has a market cap of £192.44 million, a PE ratio of -15.46 and a beta of 0.09. Afentra has a one year low of GBX 36.70 and a one year high of GBX 89.40. The company has a debt-to-equity ratio of 51.83, a current ratio of 1.45 and a quick ratio of 28.92.

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.