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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a report released on Wednesday, Marketbeat.com reports. They currently have a GBX 96 ($1.25) price objective on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 141.81% from the company’s previous close.

Separately, Shore Capital reiterated a “buy” rating on shares of Afentra in a research report on Tuesday.

Afentra Trading Down 2.7 %

Shares of AET opened at GBX 39.70 ($0.52) on Wednesday. The stock has a market capitalization of £112.13 million, a P/E ratio of 567.14 and a beta of 0.10. Afentra has a twelve month low of GBX 36.10 ($0.47) and a twelve month high of GBX 62.54 ($0.81). The company has a quick ratio of 28.92, a current ratio of 0.78 and a debt-to-equity ratio of 85.96. The firm has a fifty day simple moving average of GBX 45.93 and a two-hundred day simple moving average of GBX 46.70.

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.