Serica Energy (LON:SQZ) Price Target Raised to GBX 230

Serica Energy (LON:SQZ) had its target price hoisted by Canaccord Genuity Group from GBX 225 to GBX 230 in a report issued on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Panmure Gordon reduced their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Jefferies Financial Group upped their target price on shares of Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a research report on Monday, October 20th. Peel Hunt reissued a “buy” rating and issued a GBX 207 price target on shares of Serica Energy in a report on Tuesday, November 4th. Finally, Shore Capital restated a “buy” rating and issued a GBX 235 price objective on shares of Serica Energy in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy currently has a consensus rating of “Buy” and an average price target of GBX 222.14.

Serica Energy Price Performance

Serica Energy stock opened at GBX 208 on Thursday. The business’s fifty day moving average is GBX 182.90 and its two-hundred day moving average is GBX 181.39. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The firm has a market cap of £812.29 million, a P/E ratio of -26.00, a P/E/G ratio of 2.15 and a beta of 0.44. Serica Energy has a 52 week low of GBX 112 and a 52 week high of GBX 223.

Insider Activity

In related news, insider Chris Cox bought 64,007 shares of Serica Energy stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of GBX 170 per share, with a total value of £108,811.90. Company insiders own 63.80% of the company’s stock.

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.