Serica Energy’s (SQZ) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Serica Energy (LON:SQZ) in a research note published on Monday morning,Digital Look reports. They currently have a GBX 365 price objective on the stock.

Several other equities analysts have also weighed in on the stock. 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. Stifel Nicolaus lifted their price objective 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, Canaccord Genuity Group increased their target price on shares of Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research report on Monday, March 30th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 273.88.

Serica Energy Trading Up 3.7%

Shares of Serica Energy stock opened at GBX 234.80 on Monday. Serica Energy has a 1 year low of GBX 146 and a 1 year high of GBX 302.40. The firm has a market cap of £917.02 million, a PE ratio of -18.06, a P/E/G ratio of 2.15 and a beta of 0.05. The stock has a fifty day moving average price of GBX 243.38 and a 200-day moving average price of GBX 246.14. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22.

About Serica Energy

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.