Serica Energy plc (LON:SQZ) Receives GBX 207.83 Consensus PT from Analysts

Serica Energy plc (LON:SQZ) has earned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 212.

Several brokerages recently commented on SQZ. Canaccord Genuity Group lifted their target price on shares of Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. restated a “buy” rating and set a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Shore Capital reaffirmed a “buy” rating on shares of Serica Energy in a research report on Wednesday, September 10th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 190 target price on shares of Serica Energy in a research note on Tuesday, August 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 207 price target on shares of Serica Energy in a research note on Tuesday, September 30th.

Serica Energy Price Performance

LON:SQZ opened at GBX 212 on Tuesday. The company has a market cap of £827.92 million, a P/E ratio of -2,650.00, a P/E/G ratio of 2.15 and a beta of 0.44. The firm’s fifty day moving average price is GBX 172.56 and its two-hundred day moving average price is GBX 155.86. Serica Energy has a one year low of GBX 112 and a one year high of GBX 215.15. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.