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

Serica Energy (LON:SQZ) had its price objective upped by Canaccord Genuity Group from GBX 225 to GBX 230 in a research note published on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Peel Hunt restated a “buy” rating and issued a GBX 207 price objective on shares of Serica Energy in a research note on Tuesday, November 4th. Shore Capital reissued a “buy” rating and set a GBX 235 price target on shares of Serica Energy in a research report on Thursday. Panmure Gordon decreased 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, Jefferies Financial Group increased their price objective on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research note on Monday, October 20th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy currently has an average rating of “Buy” and an average price target of GBX 222.14.

Serica Energy Price Performance

LON SQZ opened at GBX 206 on Thursday. The company has a market cap of £804.48 million, a price-to-earnings ratio of -25.75, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The stock’s fifty day moving average price is GBX 183.01 and its 200 day moving average price is GBX 180.92. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 223.

Insider Activity at Serica Energy

In other news, insider Chris Cox bought 64,007 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of GBX 170 per share, with a total value of £108,811.90. 63.80% of the stock is owned by insiders.

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.