Serica Energy (LON:SQZ) Receives Buy Rating from Berenberg Bank

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 300 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 16.26% from the company’s previous close.

Several other brokerages have also issued reports on SQZ. Canaccord Genuity Group raised their price objective on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Panmure Gordon decreased their target price on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Finally, Shore Capital Group restated a “buy” rating and set a GBX 235 price target on shares of Serica Energy in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 236.43.

Serica Energy Trading Up 1.4%

LON SQZ opened at GBX 258.05 on Thursday. The firm’s fifty day moving average price is GBX 232.51 and its 200 day moving average price is GBX 201.69. Serica Energy has a 12 month low of GBX 112 and a 12 month high of GBX 287.50. The company has a debt-to-equity ratio of 31.14, a current ratio of 1.72 and a quick ratio of 1.22. The company has a market capitalization of £1.01 billion, a price-to-earnings ratio of -32.26, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05.

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. It also has 50% interest in the Columbus development; and 20% interest in the Skerryvore and Ruvaal prospects located in Central North Sea, as well as 100% interest in the North and South Eigg exploration prospects located in the Northern North Sea.