Serica Energy (LON:SQZ) Price Target Raised to GBX 230

Serica Energy (LON:SQZ) had its price objective upped by research analysts at Canaccord Genuity Group from GBX 225 to GBX 230 in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 11.38% from the company’s current price.

Other research analysts have also issued reports about the company. Shore Capital reaffirmed a “buy” rating and issued a GBX 235 target price on shares of Serica Energy in a research report on Thursday. Peel Hunt reaffirmed a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a research report on Tuesday, November 4th. Panmure Gordon decreased their target price on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a research report on Tuesday, December 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research note on Monday, October 20th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 222.14.

Serica Energy Price Performance

Shares of SQZ opened at GBX 206.50 on Thursday. The business’s 50-day moving average is GBX 183.11 and its 200-day moving average is GBX 180.74. 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 company has a market capitalization of £806.44 million, a price-to-earnings ratio of -25.81, a P/E/G ratio of 2.15 and a beta of 0.44. Serica Energy has a fifty-two week low of GBX 112 and a fifty-two week high of GBX 223.

Insider Buying and Selling at Serica Energy

In other Serica Energy news, insider Chris Cox bought 64,007 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of GBX 170 per share, for a total transaction of £108,811.90. Corporate insiders own 63.80% of the company’s stock.

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.