Serica Energy (LON:SQZ) Price Target Raised to GBX 281

Serica Energy (LON:SQZ) had its price objective raised by Stifel Nicolaus from GBX 266 to GBX 281 in a research note issued to investors on Tuesday morning,London Stock Exchange reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on SQZ. Canaccord Genuity Group lifted their target price on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday. Panmure Gordon cut their price target on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 price target 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. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 252.

Serica Energy Stock Performance

LON SQZ opened at GBX 277.50 on Tuesday. The firm has a market cap of £1.08 billion, a P/E ratio of -34.69, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 52-week low of GBX 112 and a 52-week high of GBX 296.50. The business’s 50-day moving average price is GBX 241.49 and its 200 day moving average price is GBX 206.15. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93.

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.