Serica Energy’s (SQZ) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a research report report published on Monday morning, MarketBeat.com reports. Canaccord Genuity Group currently has a GBX 340 target price on the stock.

Several other analysts have also commented on SQZ. Berenberg Bank reissued a “buy” rating and issued a GBX 365 price objective on shares of Serica Energy in a report on Monday. Stifel Nicolaus upped their target price on Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 target price on shares of Serica Energy in a research report on Tuesday, June 2nd. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 273.88.

Serica Energy Price Performance

Shares of Serica Energy stock opened at GBX 234.80 on Monday. 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 twelve month low of GBX 146 and a twelve month high of GBX 302.40. The business has a 50-day moving average price of GBX 243.38 and a 200 day moving average price of GBX 246.14. The firm has a market cap of £917.02 million, a PE ratio of -18.06, a P/E/G ratio of 2.15 and a beta of 0.05.

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.