Afentra's (AET) Buy Rating Reiterated at Peel Hunt

Key Points

• Peel Hunt has reiterated its "buy" rating for Afentra (AET), setting a target price of GBX 85, indicating a potential upside of 101.90% from the current price.
• Additional analysts such as Shore Capital and Canaccord Genuity have also given Afentra a "buy" rating, with Canaccord raising their target price to GBX 90.
• Afentra's stock has a market capitalization of £95.21 million and has experienced a twelve-month trading range between GBX 33.07 and GBX 56.20.

Afentra (LON:AET - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Peel Hunt in a report released on Wednesday,Digital Look reports. They presently have a GBX 85 price objective on the stock. Peel Hunt's target price would suggest a potential upside of 101.90% from the stock's current price.

A number of other analysts have also weighed in on AET. Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research note on Friday, September 5th. Canaccord Genuity Group upped their target price on Afentra from GBX 88 to GBX 90 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 96.33.

Afentra Stock Performance

Shares of AET traded down GBX 0.80 during trading hours on Wednesday, reaching GBX 42.10. 1,194,033 shares of the company's stock traded hands, compared to its average volume of 701,685. Afentra has a twelve month low of GBX 33.07 and a twelve month high of GBX 56.20. The business's fifty day simple moving average is GBX 48.75 and its two-hundred day simple moving average is GBX 45.63. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92. The firm has a market capitalization of £95.21 million, a price-to-earnings ratio of 326.36 and a beta of 0.10.

About Afentra

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.

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