Serica Energy plc (LON:SQZ) Receives Average Recommendation of “Buy” from Analysts

Shares of Serica Energy plc (LON:SQZ) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 219.50.

Several brokerages have recently weighed in on SQZ. Shore Capital restated a “buy” rating and set a GBX 225 price objective on shares of Serica Energy in a research report on Wednesday, October 8th. Jefferies Financial Group increased their target price on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, October 20th. Peel Hunt reissued a “buy” rating and issued a GBX 207 price target on shares of Serica Energy in a research report on Tuesday, November 4th. JPMorgan Chase & Co. restated a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a research note on Wednesday, August 13th. Finally, Canaccord Genuity Group raised their price objective on Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a report on Friday, October 3rd.

Serica Energy Trading Down 2.3%

LON:SQZ opened at GBX 211 on Wednesday. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 223. The stock has a market cap of £824.01 million, a P/E ratio of -26.38, a P/E/G ratio of 2.15 and a beta of 0.44. 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 50-day simple moving average of GBX 191.31 and a 200-day simple moving average of GBX 172.33.

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.