Serica Energy (LON:SQZ) Given New GBX 240 Price Target at Canaccord Genuity Group

Serica Energy (LON:SQZ) had its price objective upped by Canaccord Genuity Group from GBX 215 to GBX 240 in a research report released on Friday, Marketbeat reports. They currently have a buy rating on the stock.

SQZ has been the topic of a number of other reports. Shore Capital reiterated a “buy” rating on shares of Serica Energy in a research note on Wednesday, September 10th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 190 price objective on shares of Serica Energy in a research note on Tuesday, August 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a research note on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Serica Energy has a consensus rating of “Buy” and an average target price of GBX 212.

Serica Energy Trading Up 4.0%

Serica Energy stock opened at GBX 206 on Friday. 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 business’s 50-day simple moving average is GBX 171.78 and its 200-day simple moving average is GBX 154.85. The firm has a market capitalization of £804.48 million, a PE ratio of -2,575.00, 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 207.

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.