Peel Hunt Reiterates "Buy" Rating for AFC Energy (LON:AFC)

Key Points

• AFC Energy's stock has received a "Buy" rating from Peel Hunt, with a price target of GBX 23, indicating a potential upside of 152.78% from its previous close.
• The company reported a negative EPS of GBX (1.19) for the last quarter, with analysts predicting a further negative EPS of -1.9 for the current year.
• Insider Gary Bullard purchased 100,000 shares at an average cost of GBX 9, increasing his total investment in the company.

AFC Energy (LON:AFC - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Peel Hunt in a research note issued to investors on Monday, September 15th, Marketbeat reports.

AFC Energy Price Performance

Shares of LON:AFC opened at GBX 9.55 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. AFC Energy has a 1-year low of GBX 5 and a 1-year high of GBX 18. The company has a market capitalization of £108.06 million, a P/E ratio of -415.22 and a beta of 2.96. The firm's 50 day simple moving average is GBX 9.47 and its two-hundred day simple moving average is GBX 9.91.

AFC Energy (LON:AFC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported GBX (1.19) earnings per share for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. Research analysts expect that AFC Energy will post -1.9 EPS for the current fiscal year.

Insider Activity

In related news, insider Gary Bullard acquired 100,000 shares of AFC Energy stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of GBX 9 per share, for a total transaction of £9,000. 4.41% of the stock is currently owned by insiders.

About AFC Energy

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition. Based in the UK, the Company's scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.