Canaccord Genuity Group Reiterates “Buy” Rating for Afentra (LON:AET)

Afentra (LON:AET)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research report issued on Thursday,Digital Look reports. They presently have a GBX 90 ($1.11) target price on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 72.49% from the company’s current price.

Separately, Shore Capital reiterated a “buy” rating on shares of Afentra in a report on Thursday, November 7th.

Afentra Stock Up 0.7 %

Shares of LON:AET opened at GBX 52.18 ($0.64) on Thursday. The company has a market cap of £118.00 million, a PE ratio of 745.37 and a beta of 0.10. Afentra has a 1 year low of GBX 34.72 ($0.43) and a 1 year high of GBX 62.54 ($0.77). The stock’s 50-day moving average is GBX 46.92 and its 200 day moving average is GBX 48.91. The company has a debt-to-equity ratio of 85.96, a current ratio of 0.78 and a quick ratio of 28.92.

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.