Serica Energy plc (LON:SQZ) Receives GBX 225.83 Consensus Price Target from Brokerages

Shares of Serica Energy plc (LON:SQZ) have received an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 225.83.

Several brokerages have weighed in on SQZ. Panmure Gordon decreased their price objective on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Shore Capital Group restated a “buy” rating and set a GBX 235 price target on shares of Serica Energy in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group raised their price target on Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a report on Thursday, January 22nd.

Insider Activity

In other Serica Energy news, insider Chris Cox purchased 64,007 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of GBX 170 per share, with a total value of £108,811.90. 63.82% of the stock is owned by corporate insiders.

Serica Energy Trading Up 1.0%

Shares of Serica Energy stock opened at GBX 261 on Friday. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 281. The stock has a market capitalization of £1.02 billion, a P/E ratio of -32.63, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. The company has a 50-day simple moving average of GBX 209.33 and a 200 day simple moving average of GBX 192.87. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 31.14.

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. 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.