Serica Energy plc (LON:SQZ – Get Free Report) has earned an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 254.50.
A number of equities analysts recently issued reports on SQZ shares. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Stifel Nicolaus increased their price objective on Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Canaccord Genuity Group lifted their target price on Serica Energy from GBX 230 to GBX 310 and gave the company a “buy” rating in a research note on Monday, March 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 250 target price on shares of Serica Energy in a report on Friday, April 24th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 300 price target on shares of Serica Energy in a research note on Thursday, March 26th.
Check Out Our Latest Research Report on Serica Energy
Serica Energy Trading Down 1.0%
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.
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