Serica Energy (LON:SQZ) Price Target Raised to GBX 230

Serica Energy (LON:SQZ) had its target price upped by Jefferies Financial Group from GBX 190 to GBX 230 in a research report report published on Monday, Marketbeat reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Shore Capital reiterated a “buy” rating and issued a GBX 225 price target on shares of Serica Energy in a report on Wednesday, October 8th. Canaccord Genuity Group lifted their price target on shares of Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a report on Friday, October 3rd. Peel Hunt reiterated a “buy” rating and issued a GBX 207 price target on shares of Serica Energy in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a GBX 215 price target on shares of Serica Energy in a report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 219.50.

Serica Energy Stock Up 1.8%

SQZ stock opened at GBX 193.37 on Monday. The stock has a market capitalization of £755.15 million, a P/E ratio of -24.17, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. Serica Energy has a one year low of GBX 112 and a one year high of GBX 217. The company has a 50 day moving average price of GBX 177.27 and a two-hundred day moving average price of GBX 159.86.

About Serica Energy

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea.