Serica Energy’s (SQZ) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Serica Energy (LON:SQZ) in a research report report published on Thursday, MarketBeat.com reports. Berenberg Bank currently has a GBX 300 target price on the stock.

SQZ has been the subject of a number of other reports. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 235 price objective on shares of Serica Energy in a research note on Thursday, January 22nd. Canaccord Genuity Group increased their target price on Serica Energy from GBX 225 to GBX 230 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Panmure Gordon lowered their target price on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy presently has an average rating of “Buy” and an average price target of GBX 236.43.

Serica Energy Stock Up 7.2%

Shares of LON SQZ opened at GBX 274 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.14 and a debt-to-equity ratio of 33.93. The business’s 50 day moving average is GBX 235.12 and its two-hundred day moving average is GBX 202.95. Serica Energy has a 52-week low of GBX 112 and a 52-week high of GBX 287.50. The firm has a market cap of £1.07 billion, a price-to-earnings ratio of -34.25, a PEG ratio of 2.15 and a beta of 0.78.

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.