Afentra’s (AET) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Afentra (LON:AET) in a report published on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 96 ($1.24) target price on the stock.

Separately, Shore Capital restated a “buy” rating on shares of Afentra in a report on Tuesday.

Afentra Trading Down 1.0 %

LON AET opened at GBX 40 ($0.52) on Wednesday. The company’s 50-day moving average price is GBX 45.37 and its 200-day moving average price is GBX 46.55. 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 stock has a market cap of £112.98 million, a PE ratio of 571.43 and a beta of 0.10. Afentra has a 12 month low of GBX 36.10 ($0.47) and a 12 month 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.