Serica Energy (LON:SQZ) Given New GBX 230 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group has increased the target price for Serica Energy from GBX 190 to GBX 230, indicating a potential upside of 27.07% based on the stock's previous close.
• Multiple analysts have issued "buy" ratings for Serica Energy, with price targets ranging from GBX 207 to GBX 240, resulting in an average target price of GBX 219.50.
• Serica Energy's stock opened at GBX 181, showing a 1-year trading range with a low of GBX 112 and a high of GBX 217, amidst a market cap of £706.85 million.

Serica Energy (LON:SQZ - Get Free Report) had its target price upped by equities researchers at Jefferies Financial Group from GBX 190 to GBX 230 in a research report issued to clients and investors on Monday,Digital Look reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 27.07% from the stock's previous close.

SQZ has been the subject of several other reports. Shore Capital restated a "buy" rating and issued a GBX 225 price target on shares of Serica Energy in a research report on Wednesday, October 8th. Peel Hunt restated a "buy" rating and issued a GBX 207 price target on shares of Serica Energy in a research report on Wednesday, October 8th. JPMorgan Chase & Co. restated a "buy" rating and issued a GBX 215 price target on shares of Serica Energy in a research report on Wednesday, August 13th. Finally, Canaccord Genuity Group upped their price target on shares of Serica Energy from GBX 215 to GBX 240 and gave the company a "buy" rating in a research report on Friday, October 3rd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of GBX 219.50.

Serica Energy Price Performance

SQZ stock opened at GBX 181 on Monday. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 217. The company has a 50 day simple moving average of GBX 176.33 and a 200 day simple moving average of GBX 159.09. The stock has a market cap of £706.85 million, a price-to-earnings ratio of -22.63, a P/E/G ratio of 2.15 and a beta of 0.44.

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.

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