Serica Energy plc (LON:SQZ) Receives GBX 225.83 Consensus Target Price from Brokerages

Serica Energy plc (LON:SQZ) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 247.86.

A number of brokerages have issued reports on SQZ. Canaccord Genuity Group boosted their price target on Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a research report on Monday. Panmure Gordon cut their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price objective on shares of Serica Energy in a report on Thursday, March 26th. Finally, Shore Capital Group reiterated a “buy” rating on shares of Serica Energy in a research report on Thursday, March 26th.

Serica Energy Stock Performance

Shares of SQZ stock opened at GBX 286 on Tuesday. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 296.50. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22. The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of -35.75, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The business has a 50 day simple moving average of GBX 236.98 and a 200 day simple moving average of GBX 204.29.

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.