Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Peel Hunt in a report issued on Wednesday, Marketbeat.com reports. They currently have a GBX 207 price objective on the stock. Peel Hunt's price target would suggest a potential upside of 7.88% from the company's current price.
Several other brokerages have also issued reports on SQZ. Shore Capital reaffirmed a "buy" rating and set a GBX 225 price target on shares of Serica Energy in a research note on Wednesday. JPMorgan Chase & Co. restated a "buy" rating and issued a GBX 215 price target on shares of Serica Energy in a report on Wednesday, August 13th. Canaccord Genuity Group increased their price objective on Serica Energy from GBX 215 to GBX 240 and gave the stock a "buy" rating in a report on Friday, October 3rd. Finally, Jefferies Financial Group restated a "buy" rating and issued a GBX 190 price target on shares of Serica Energy in a research note on Tuesday, August 5th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 212.83.
Check Out Our Latest Research Report on SQZ
Serica Energy Price Performance
Serica Energy stock opened at GBX 191.88 on Wednesday. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The firm has a market cap of £749.35 million, a P/E ratio of -2,398.54, a P/E/G ratio of 2.15 and a beta of 0.44. The business's fifty day moving average is GBX 173.70 and its two-hundred day moving average is GBX 156.50. Serica Energy has a 52 week low of GBX 112 and a 52 week high of GBX 217.
About Serica Energy
(
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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.
Further Reading
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