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

Afentra (LON:AET)‘s stock had its “buy” rating reissued by equities research 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 objective suggests a potential upside of 93.58% from the company’s previous close.

Afentra Stock Performance

Shares of AET stock traded down GBX 1.46 on Wednesday, reaching GBX 69.74. The stock had a trading volume of 499,230 shares, compared to its average volume of 1,082,403. The company has a quick ratio of 28.92, a current ratio of 1.45 and a debt-to-equity ratio of 51.83. The firm’s 50-day moving average is GBX 75.08 and its two-hundred day moving average is GBX 67.04. The firm has a market capitalization of £188.74 million, a price-to-earnings ratio of -15.16 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.

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.