Afentra (LON:AET) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Afentra (LON:AET) to a buy rating in a report issued on Thursday morning,London Stock Exchange reports. They currently have GBX 115 price objective on the stock, up from their previous price objective of GBX 80.

Separately, Shore Capital Group restated a “buy” rating on shares of Afentra in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 104.33.

Afentra Stock Performance

Afentra stock opened at GBX 83.60 on Thursday. 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 52 week low of GBX 33.07 and a 52 week high of GBX 87. The company has a market capitalization of £189.07 million, a price-to-earnings ratio of 6.48 and a beta of 0.09. The stock has a 50-day moving average price of GBX 60.78 and a 200 day moving average price of GBX 49.42.

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.