Afentra (LON:AET) Insider Buys £105,750 in Stock

Afentra plc (LON:AET) insider Andrew Osborne purchased 225,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of GBX 47 per share, with a total value of £105,750.

Afentra Stock Performance

LON:AET opened at GBX 46.20 on Friday. The company has a 50-day moving average of GBX 47.08 and a 200-day moving average of GBX 46.61. The firm has a market cap of £104.48 million, a price-to-earnings ratio of 3.58 and a beta of 0.10. 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 plc has a twelve month low of GBX 33.07 and a twelve month high of GBX 56.20.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AET. Shore Capital restated a “buy” rating on shares of Afentra in a research report on Friday, September 5th. Peel Hunt reissued a “buy” rating and set a GBX 85 price objective on shares of Afentra in a research note on Wednesday, October 15th. Finally, Canaccord Genuity Group lifted their target price on Afentra from GBX 88 to GBX 90 and gave the stock a “buy” rating in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 96.33.

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.