Stifel Nicolaus Issues Positive Forecast for Serica Energy (LON:SQZ) Stock Price

Serica Energy (LON:SQZ) had its price objective boosted by analysts at Stifel Nicolaus from GBX 266 to GBX 281 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 4.10% from the stock’s current price.

Several other brokerages have also issued reports on SQZ. Canaccord Genuity Group lifted their target price on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research report on Monday. Panmure Gordon reduced their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Serica Energy in a research note on Thursday, March 26th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Serica Energy has an average rating of “Buy” and an average price target of GBX 252.

Serica Energy Price Performance

Serica Energy stock traded up GBX 1 during trading on Tuesday, reaching GBX 293. The company had a trading volume of 4,294,433 shares, compared to its average volume of 3,968,265. The firm has a market capitalization of £1.14 billion, a PE ratio of -36.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The firm’s 50-day simple moving average is GBX 236.98 and its 200 day simple moving average is GBX 204.29. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 296.50.

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.