Serica Energy’s (SQZ) Buy Rating Reiterated at Canaccord Genuity Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Monday,London Stock Exchange reports. They presently have a GBX 340 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 38.78% from the company’s current price.

SQZ has been the topic of several other reports. Berenberg Bank reissued a “buy” rating and set a GBX 365 price target on shares of Serica Energy in a research note on Monday. Jefferies Financial Group restated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus lifted their price objective on Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, Serica Energy currently has a consensus rating of “Buy” and a consensus price target of GBX 273.88.

Serica Energy Trading Down 4.7%

Shares of SQZ opened at GBX 245 on Monday. The firm’s 50 day simple moving average is GBX 246.46 and its 200 day simple moving average is GBX 245.02. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22. The company has a market capitalization of £956.86 million, a P/E ratio of -18.85, 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.

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.