Afentra (LON:AET) Price Target Raised to GBX 100

Afentra (LON:AET) had its price target lifted by stock analysts at Canaccord Genuity Group from GBX 94 to GBX 100 in a report released on Wednesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 61.81% from the stock’s previous close.

Separately, Shore Capital Group reiterated a “buy” rating and set a GBX 113 target price on shares of Afentra in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 99.33.

Afentra Price Performance

Afentra stock traded up GBX 2.60 during midday trading on Wednesday, reaching GBX 61.80. 1,564,961 shares of the stock traded hands, compared to its average volume of 934,578. The stock has a market cap of £139.76 million, a P/E ratio of 4.79 and a beta of 0.09. The stock’s fifty day moving average is GBX 49.45 and its 200-day moving average is GBX 46.49. The company has a quick ratio of 28.92, a current ratio of 0.84 and a debt-to-equity ratio of 35.42. Afentra has a 12 month low of GBX 33.07 and a 12 month high of GBX 67.20.

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.