Serica Energy (LON:SQZ) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Serica Energy (LON:SQZ) in a research note released on Monday morning,Digital Look reports. The firm currently has a GBX 365 price target on the stock.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a research note on Monday, March 30th. Stifel Nicolaus raised their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 273.88.

Serica Energy Stock Down 7.3%

Shares of SQZ opened at GBX 238.40 on Monday. The stock has a market capitalization of £931.08 million, a PE ratio of -18.34, a P/E/G ratio of 2.15 and a beta of 0.05. Serica Energy has a 1 year low of GBX 146 and a 1 year high of GBX 302.40. 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 company’s 50-day simple moving average is GBX 245.47 and its 200-day simple moving average is GBX 245.42.

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.