Serica Energy plc (LON:SQZ) Receives GBX 207.83 Average PT from Brokerages

Shares of Serica Energy plc (LON:SQZ) have been assigned an average rating of “Buy” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 207.83.

A number of equities research analysts have recently commented on SQZ shares. Peel Hunt reiterated a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 190 target price on shares of Serica Energy in a report on Tuesday, August 5th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 215 price target on shares of Serica Energy in a research report on Tuesday, September 16th. Shore Capital restated a “buy” rating on shares of Serica Energy in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a GBX 215 target price on shares of Serica Energy in a report on Wednesday, August 13th.

Serica Energy Trading Down 2.0%

Shares of LON:SQZ opened at GBX 198 on Tuesday. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The stock has a market capitalization of £773.24 million, a price-to-earnings ratio of -2,475.00, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 206. The company has a 50 day moving average price of GBX 171.05 and a 200 day moving average price of GBX 154.38.

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.