Afentra (LON:AET) Sets New 52-Week High – Time to Buy?

Afentra plc (LON:AET)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 57.40 and last traded at GBX 55.20, with a volume of 1027749 shares. The stock had previously closed at GBX 53.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AET shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 90 price target on shares of Afentra in a report on Monday, December 1st. Shore Capital Group reiterated a “buy” rating and set a GBX 113 target price on shares of Afentra in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 96.

Afentra Trading Down 1.1%

The firm’s fifty day moving average price is GBX 45.69 and its 200-day moving average price is GBX 45.71. The company has a market cap of £119.86 million, a price-to-earnings ratio of 4.11 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.

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. 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.