Serica Energy plc (LON:SQZ - Get Free Report)'s stock price reached a new 52-week high on Monday after Canaccord Genuity Group raised their price target on the stock from GBX 215 to GBX 240. Canaccord Genuity Group currently has a buy rating on the stock. Serica Energy traded as high as GBX 212.50 ($2.85) and last traded at GBX 211.50 ($2.84), with a volume of 966582 shares changing hands. The stock had previously closed at GBX 206 ($2.77).
SQZ has been the topic of several other reports. Shore Capital reissued a "buy" rating on shares of Serica Energy in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reissued a "buy" rating and issued a GBX 215 target price on shares of Serica Energy in a research report on Wednesday, August 13th. Peel Hunt reissued a "buy" rating and issued a GBX 207 target price on shares of Serica Energy in a research report on Tuesday, September 30th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 190 target price on shares of Serica Energy in a research report on Tuesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 212.
Get Our Latest Research Report on Serica Energy
Serica Energy Trading Up 2.8%
The stock has a market capitalization of £827.39 million, a price-to-earnings ratio of -2,648.31, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The business's 50-day simple moving average is GBX 171.78 and its two-hundred day simple moving average is GBX 155.25.
About Serica Energy
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Serica Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Serica Energy wasn't on the list.
While Serica Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
