Serica Energy plc (LON:SQZ) Receives GBX 219.50 Average Target Price from Analysts

Shares of Serica Energy plc (LON:SQZ) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 219.50.

A number of research analysts recently weighed in on SQZ shares. Canaccord Genuity Group upped their price objective on Serica Energy from GBX 215 to GBX 240 and gave the stock a “buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 215 price objective on shares of Serica Energy in a report on Wednesday, August 13th. Jefferies Financial Group upped their price objective on Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, October 20th. Shore Capital reaffirmed a “buy” rating and set a GBX 225 price objective on shares of Serica Energy in a report on Wednesday, October 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a report on Wednesday, October 8th.

Serica Energy Stock Up 1.2%

Shares of SQZ opened at GBX 217.10 on Friday. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 219. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The company’s 50-day moving average price is GBX 182.70 and its 200 day moving average price is GBX 164.38. The firm has a market cap of £847.83 million, a P/E ratio of -27.14, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44.

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.