Serica Energy’s (SQZ) Buy Rating Reiterated at Canaccord Genuity Group

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 340 price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 38.78% from the stock’s previous close.

A number of other brokerages have also weighed in on SQZ. Berenberg Bank reaffirmed a “buy” rating and set a GBX 365 target price on shares of Serica Energy in a research note on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 310 price objective on shares of Serica Energy in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus increased their target price on Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 273.88.

Serica Energy Stock Down 4.7%

Shares of Serica Energy stock opened at GBX 245 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.22 and a debt-to-equity ratio of 33.93. The company’s fifty day simple moving average is GBX 246.46 and its two-hundred day simple moving average is GBX 245.02. The company has a market cap of £956.86 million, a P/E ratio of -18.85, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 12-month low of GBX 146 and a 12-month high of GBX 302.40.

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.