Afentra’s (AET) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Afentra (LON:AET) in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 96 ($1.24) price objective on the stock.

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

Afentra Stock Performance

AET stock opened at GBX 40 ($0.52) on Wednesday. The firm has a market cap of £112.98 million, a price-to-earnings ratio of 571.43 and a beta of 0.10. The firm has a 50-day simple moving average of GBX 45.37 and a two-hundred day simple moving average of GBX 46.55. 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 debt-to-equity ratio of 85.96, a quick ratio of 28.92 and a current ratio of 0.78.

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.