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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by Shore Capital in a research note issued on Thursday, MarketBeat reports. They currently have a GBX 113 target price on the stock. Shore Capital’s price objective would suggest a potential upside of 162.79% from the stock’s previous close.

Several other equities analysts have also commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 90 target price on shares of Afentra in a report on Monday, December 1st. Peel Hunt reiterated a “buy” rating and set a GBX 85 price target on shares of Afentra in a research report on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 96.

Afentra Stock Performance

Shares of LON:AET opened at GBX 43 on Thursday. The company has a market cap of £97.25 million, a P/E ratio of 3.33 and a beta of 0.10. The business’s 50-day simple moving average is GBX 41.10 and its 200 day simple moving average is GBX 45.66. The company has a debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78. Afentra has a one year low of GBX 33.07 and a one year high of GBX 56.20.

Insiders Place Their Bets

In related news, insider Andrew Osborne purchased 225,000 shares of the stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of GBX 47 per share, for a total transaction of £105,750. 42.03% of the stock is currently owned by insiders.

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. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.