Serica Energy plc (LON:SQZ) Receives GBX 268.25 Average Price Target from Analysts

Shares of Serica Energy plc (LON:SQZ) have been assigned an average rating of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 268.25.

Several brokerages have recently issued reports on SQZ. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 350 price target on shares of Serica Energy in a research report on Tuesday, June 2nd. Jefferies Financial Group restated a “buy” rating and set a GBX 310 target price on shares of Serica Energy in a research note on Tuesday, June 2nd. Shore Capital Group reaffirmed a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Stifel Nicolaus lifted their price target on 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 price objective on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research report on Monday, March 30th.

Serica Energy Stock Performance

LON:SQZ opened at GBX 216.80 on Thursday. Serica Energy has a 1 year low of GBX 146 and a 1 year high of GBX 302.40. The firm’s fifty day simple moving average is GBX 257.79 and its 200 day simple moving average is GBX 238.89. The company has a current ratio of 1.14, a quick ratio of 1.22 and a debt-to-equity ratio of 33.93. The firm has a market capitalization of £846.72 million, a PE ratio of -16.68, a PEG ratio of 2.15 and a beta of 0.05.

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.