Serica Energy (LON:SQZ) Price Target Raised to GBX 310

Serica Energy (LON:SQZ) had its target price raised by Canaccord Genuity Group from GBX 230 to GBX 310 in a report released on Monday morning,London Stock Exchange reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Shore Capital Group restated a “buy” rating on shares of Serica Energy in a research note on Thursday, March 26th. Panmure Gordon reduced their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 300 price target on shares of Serica Energy in a research report on Thursday, March 26th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 252.

Serica Energy Stock Down 9.7%

Shares of LON:SQZ opened at GBX 265.50 on Monday. The stock has a market cap of £1.04 billion, a price-to-earnings ratio of -33.19, a PEG ratio of 2.15 and a beta of 0.78. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 296.50. The business’s 50 day moving average is GBX 240.06 and its 200 day moving average is GBX 205.65.

Serica Energy Company Profile

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.