Shore Capital Reaffirms Buy Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a note issued to investors on Tuesday,Digital Look reports.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 90 ($1.17) price objective on shares of Afentra in a research note on Thursday, January 23rd.

Afentra Stock Performance

Shares of Afentra stock traded up GBX 1.10 ($0.01) during trading hours on Tuesday, reaching GBX 40.70 ($0.53). 1,973,876 shares of the stock traded hands, compared to its average volume of 860,111. The company has a 50 day moving average price of GBX 45.93 and a 200 day moving average price of GBX 46.70. The firm has a market capitalization of £114.95 million, a price-to-earnings ratio of 581.43 and a beta of 0.10. Afentra has a one year low of GBX 36.10 ($0.47) and a one year high of GBX 62.54 ($0.81). The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96.

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.