Afentra (LON:AET) Given Buy Rating at Canaccord Genuity Group

Afentra (LON:AET - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Canaccord Genuity Group in a report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 96 ($1.24) price objective on the stock. Canaccord Genuity Group's price objective points to a potential upside of 140.00% from the company's current price.

Separately, Shore Capital reaffirmed a "buy" rating on shares of Afentra in a report on Tuesday, March 18th.

Afentra Stock Performance

Shares of LON:AET traded down GBX 0.40 ($0.01) during trading on Wednesday, hitting GBX 40 ($0.52). 75,263 shares of the company traded hands, compared to its average volume of 816,228. The stock has a market capitalization of £112.98 million, a price-to-earnings ratio of 571.43 and a beta of 0.10. The business's fifty day moving average is GBX 45.37 and its 200-day moving average is GBX 46.54. Afentra has a one year low of GBX 36.10 ($0.47) and a one year 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.

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.