Brokerages Set Serica Energy plc (LON:SQZ) Target Price at GBX 222.14

Shares of Serica Energy plc (LON:SQZ) have been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 222.14.

Several equities research analysts have issued reports on SQZ shares. Jefferies Financial Group raised their price target on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, October 20th. Peel Hunt restated a “buy” rating and set a GBX 207 target price on shares of Serica Energy in a research report on Tuesday, November 4th. Shore Capital reiterated a “buy” rating and issued a GBX 235 price target on shares of Serica Energy in a report on Thursday, January 22nd. Canaccord Genuity Group increased their price target on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Panmure Gordon decreased their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a report on Tuesday, December 2nd.

Serica Energy Stock Up 1.0%

SQZ opened at GBX 208.50 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The firm has a market cap of £814.25 million, a P/E ratio of -26.06, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a 52 week low of GBX 112 and a 52 week high of GBX 223. The business’s fifty day simple moving average is GBX 184.08 and its 200 day simple moving average is GBX 183.76.

Insider Buying and Selling

In other Serica Energy news, insider Chris Cox purchased 64,007 shares of the stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of GBX 170 per share, for a total transaction of £108,811.90. 63.80% of the stock is owned by company insiders.

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.