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Afentra (LON:AET) Given New GBX 90 Price Target at Canaccord Genuity Group

Afentra logo with Energy background

Key Points

  • Canaccord Genuity Group has raised its price target for Afentra (LON:AET) from GBX 88 to GBX 90, indicating a potential upside of 84.73% based on the stock's previous close.
  • Shore Capital also maintains a "buy" rating for Afentra, contributing to an overall average rating of "Buy" from three analysts, with a higher average price target of GBX 94.67.
  • Afentra operates in the upstream oil and gas sector in Africa, holding a 34% interest in an exploration project covering around 22,840 square kilometers in Somaliland.
  • Five stocks to consider instead of Afentra.

Afentra (LON:AET - Free Report) had its target price raised by Canaccord Genuity Group from GBX 88 to GBX 90 in a report released on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Shore Capital reaffirmed a "buy" rating on shares of Afentra in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Afentra currently has a consensus rating of "Buy" and a consensus target price of GBX 102.

Check Out Our Latest Report on AET

Afentra Stock Performance

AET stock traded down GBX 1.10 during mid-day trading on Thursday, hitting GBX 47.50. The company had a trading volume of 644,229 shares, compared to its average volume of 706,573. The stock's fifty day moving average price is GBX 49.85 and its two-hundred day moving average price is GBX 44.85. Afentra has a 12 month low of GBX 33.07 and a 12 month high of GBX 56.20. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. The firm has a market cap of £107.42 million, a PE ratio of 225.12 and a beta of 0.10.

About Afentra

(Get Free Report)

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.

Further Reading

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