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

Afentra (LON:AET)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 125 target price on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 76.30% from the company’s previous close.

Separately, Shore Capital Group reaffirmed a “buy” rating on shares of Afentra in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 107.67.

Afentra Price Performance

Shares of LON:AET opened at GBX 70.90 on Tuesday. The company has a market cap of £195.07 million, a price-to-earnings ratio of -50.64 and a beta of 0.09. The company has a debt-to-equity ratio of 34.12, a current ratio of 0.56 and a quick ratio of 28.92. The firm has a 50 day simple moving average of GBX 63.04 and a 200 day simple moving average of GBX 65.55. Afentra has a one year low of GBX 36.70 and a one year high of GBX 89.40.

Insiders Place Their Bets

In other Afentra news, insider Anastasia Deulina sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of GBX 59, for a total transaction of £59,000. Also, insider Ian Richard Cloke sold 32,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of GBX 61, for a total transaction of £19,520. In the last ninety days, insiders have acquired 173,924 shares of company stock valued at $10,533,511 and have sold 164,833 shares valued at $9,854,813. Insiders own 37.09% of the company’s stock.

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.