Canaccord Genuity Group Issues Positive Forecast for Serica Energy (LON:SQZ) Stock Price

Serica Energy (LON:SQZ) had its price target boosted by Canaccord Genuity Group from GBX 230 to GBX 310 in a research report report published on Monday,London Stock Exchange reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Panmure Gordon decreased their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Shore Capital Group restated a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 300 price target on shares of Serica Energy in a report on Thursday, March 26th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 247.86.

Serica Energy Stock Up 6.6%

Serica Energy stock opened at GBX 292 on Monday. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 296.50. The firm has a market capitalization of £1.14 billion, a price-to-earnings ratio of -36.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.78. The stock’s fifty day moving average is GBX 236.98 and its two-hundred day moving average is GBX 204.29. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14.

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.