Shore Capital Reaffirms “Buy” Rating for Afentra (LON:AET)

Shore Capital reissued their buy rating on shares of Afentra (LON:AET) in a research report report published on Thursday morning, MarketBeat.com reports.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 90 ($1.12) price target on shares of Afentra in a report on Thursday, January 23rd.

Afentra Stock Performance

AET stock opened at GBX 48.26 ($0.60) on Thursday. The firm has a 50 day simple moving average of GBX 47.42 and a 200 day simple moving average of GBX 48.63. Afentra has a 52 week low of GBX 36.15 ($0.45) and a 52 week high of GBX 62.54 ($0.78). The stock has a market cap of £109.14 million, a P/E ratio of 689.43 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

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.