Canaccord Genuity Group Reiterates Buy Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 90 ($1.11) price target on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 72.49% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Afentra in a research note on Thursday, November 7th.

Afentra Trading Up 0.7 %

LON:AET opened at GBX 52.18 ($0.64) on Thursday. Afentra has a one year low of GBX 34.72 ($0.43) and a one year high of GBX 62.54 ($0.77). The business has a fifty day moving average price of GBX 46.92 and a 200-day moving average price of GBX 48.91. The firm has a market capitalization of £118.00 million, a price-to-earnings ratio of 745.37 and a beta of 0.10. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

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.