Jefferies Financial Group Reaffirms “Buy” Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued on Friday, MarketBeat reports. They presently have a GBX 250 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 8.89% from the stock’s previous close.

A number of other research analysts also recently issued reports on SQZ. Canaccord Genuity Group boosted their price target on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a research report on Monday, March 30th. Berenberg Bank restated a “buy” rating and issued a GBX 300 price target on shares of Serica Energy in a research report on Thursday, March 26th. Stifel Nicolaus boosted their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, Shore Capital Group restated a “buy” rating on shares of Serica Energy in a research report on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Serica Energy has a consensus rating of “Buy” and a consensus price target of GBX 254.50.

Serica Energy Price Performance

LON:SQZ opened at GBX 274.40 on Friday. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of -21.11, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 52 week low of GBX 117.28 and a 52 week high of GBX 296.50. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The firm’s 50-day simple moving average is GBX 260.05 and its 200 day simple moving average is GBX 216.14.

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. 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.