Afentra (LON:AET) Receives Buy Rating from Shore Capital

Key Points

• Shore Capital has restated its "buy" rating for Afentra (LON:AET) in a recent research report, signaling positive investor sentiment.
• Canaccord Genuity Group raised Afentra's target price from GBX 85 to GBX 88, contributing to a consensus rating of "Buy" with an average target price of GBX 94.
• Afentra's stock opened at GBX 52.82 and has shown volatility, with a 52-week low of GBX 33.07 and a high of GBX 56.20.

Shore Capital restated their buy rating on shares of Afentra (LON:AET - Free Report) in a research note published on Friday, MarketBeat.com reports.

Separately, Canaccord Genuity Group lifted their price target on shares of Afentra from GBX 85 to GBX 88 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Afentra has an average rating of "Buy" and a consensus price target of GBX 94.

Afentra Price Performance

Shares of Afentra stock remained flat at GBX 54.40 during midday trading on Friday. 1,079,929 shares of the stock traded hands, compared to its average volume of 708,249. The company's fifty day moving average price is GBX 49.16 and its 200 day moving average price is GBX 44.21. The company has a market cap of £123.03 million, a PE ratio of 257.82 and a beta of 0.10. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. Afentra has a twelve month low of GBX 33.07 and a twelve month high of GBX 56.20.

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.