Afentra (LON:AET) Given “Buy” Rating at Shore Capital

Afentra (LON:AET)‘s stock had its “buy” rating reaffirmed by equities research analysts at Shore Capital in a report released on Thursday, Digital Look reports.

Separately, Canaccord Genuity Group started coverage on Afentra in a report on Thursday, September 19th. They issued a “buy” rating and a GBX 80 ($1.04) price target for the company.

Afentra Trading Up 2.4 %

Shares of AET traded up GBX 1.10 ($0.01) during mid-day trading on Thursday, reaching GBX 47 ($0.61). The company had a trading volume of 870,513 shares, compared to its average volume of 809,011. The stock has a market cap of £106.30 million, a price-to-earnings ratio of 671.43 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. The firm has a fifty day simple moving average of GBX 48.44 and a 200-day simple moving average of GBX 51.41. Afentra has a fifty-two week low of GBX 27.50 ($0.36) and a fifty-two week high of GBX 62.54 ($0.81).

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.