Serica Energy’s (SQZ) Buy Rating Reaffirmed at Berenberg Bank

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Monday,Digital Look reports. They currently have a GBX 365 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 46.49% from the company’s previous close.

A number of other research analysts also recently issued reports on SQZ. Canaccord Genuity Group boosted 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, March 30th. Jefferies Financial Group restated a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy has a consensus rating of “Buy” and a consensus price target of GBX 270.12.

Serica Energy Stock Performance

Shares of SQZ stock opened at GBX 249.16 on Monday. The company has a market cap of £973.12 million, a price-to-earnings ratio of -19.17, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a 52 week low of GBX 146 and a 52 week high of GBX 302.40. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. The firm has a 50 day moving average of GBX 246.46 and a 200-day moving average of GBX 245.02.

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.