Afentra (LON:AET) Sets New 52-Week High – Should You Buy?

Afentra plc (LON:AET) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 68 and last traded at GBX 67.20, with a volume of 2360346 shares trading hands. The stock had previously closed at GBX 64.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AET shares. Canaccord Genuity Group lifted their price target on shares of Afentra from GBX 94 to GBX 100 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 113 target price on shares of Afentra in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 99.33.

Afentra Price Performance

The firm has a market capitalization of £151.98 million, a price-to-earnings ratio of 5.21 and a beta of 0.09. The business’s fifty day simple moving average is GBX 51.64 and its 200 day simple moving average is GBX 47. The company has a debt-to-equity ratio of 35.42, a current ratio of 0.84 and a quick ratio of 28.92.

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. Afentra plc was formerly known as Sterling Energy plc and changed its name to Afentra plc in May 2021. The company was incorporated in 1983 and is based in London, the United Kingdom.