Afentra (LON:AET) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Afentra (LON:AET) in a research report report published on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 90 ($1.11) target price on the stock.

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

Afentra Stock Performance

LON AET opened at GBX 50.40 ($0.62) on Thursday. The stock has a market capitalization of £113.98 million, a price-to-earnings ratio of 720.00 and a beta of 0.10. The stock has a 50-day moving average of GBX 47.05 and a 200 day moving average of GBX 48.93. The company has a current ratio of 0.78, a quick ratio of 28.92 and a debt-to-equity ratio of 85.96. Afentra has a twelve month low of GBX 34.72 ($0.43) and a twelve month high of GBX 62.54 ($0.77).

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.