Serica Energy plc (LON:SQZ) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Serica Energy plc (LON:SQZ) have received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 268.25.

A number of equities research analysts have weighed in on SQZ shares. Berenberg Bank reissued a “buy” rating and set a GBX 350 target price on shares of Serica Energy in a report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 310 price target on shares of Serica Energy in a report on Tuesday, June 2nd. Stifel Nicolaus boosted their price objective on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. 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 report on Monday, March 30th. Finally, Shore Capital Group restated a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th.

Serica Energy Stock Down 1.1%

Shares of LON SQZ opened at GBX 226.20 on Thursday. The company has a 50 day simple moving average of GBX 255.65 and a 200 day simple moving average of GBX 239.61. The firm has a market cap of £883.44 million, a PE ratio of -17.40, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a 1 year low of GBX 146 and a 1 year high of GBX 302.40. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22.

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.