Serica Energy plc (LON:SQZ) Receives GBX 225.83 Consensus Target Price from Brokerages

Shares of Serica Energy plc (LON:SQZ) have earned an average rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 236.43.

Several brokerages recently commented on SQZ. Canaccord Genuity Group upped their price target on shares of Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price target on shares of Serica Energy in a report on Thursday. Panmure Gordon lowered their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Finally, Shore Capital Group restated a “buy” rating on shares of Serica Energy in a report on Thursday.

Serica Energy Trading Up 1.5%

Shares of SQZ stock opened at GBX 258.26 on Tuesday. The firm has a market cap of £1.01 billion, a P/E ratio of -32.28, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 287.50. The company has a debt-to-equity ratio of 31.14, a current ratio of 1.72 and a quick ratio of 1.22. The firm’s 50-day simple moving average is GBX 233.70 and its 200-day simple moving average is GBX 202.09.

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.