Brokerages Set Serica Energy plc (LON:SQZ) PT at GBX 222.86

Shares of Serica Energy plc (LON:SQZ) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 224.29.

SQZ has been the topic of a number of research analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 207 price target on shares of Serica Energy in a research report on Tuesday, November 4th. Canaccord Genuity Group raised 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, October 3rd. Panmure Gordon reduced their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Shore Capital reissued a “buy” rating and set a GBX 240 price objective on shares of Serica Energy in a research report on Friday, January 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a research report on Monday, October 20th.

Insider Activity at Serica Energy

In other news, insider Chris Cox acquired 64,007 shares of Serica Energy stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost of GBX 170 per share, with a total value of £108,811.90. 63.80% of the stock is currently owned by company insiders.

Serica Energy Stock Performance

Shares of Serica Energy stock opened at GBX 195 on Thursday. The stock’s fifty day simple moving average is GBX 184.34 and its 200 day simple moving average is GBX 179.28. 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 has a market capitalization of £761.53 million, a PE ratio of -24.38, a PEG ratio of 2.15 and a beta of 0.44. Serica Energy has a 12 month low of GBX 112 and a 12 month high of GBX 223.

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.