Serica Energy plc (LON:SQZ) Receives GBX 254.50 Consensus Target Price from Analysts

Serica Energy plc (LON:SQZGet 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%

LON SQZ opened at GBX 283.80 on Wednesday. The firm’s fifty day moving average is GBX 270.73 and its two-hundred day moving average is GBX 225.57. Serica Energy has a one year low of GBX 139 and a one year high of GBX 302.40. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The firm has a market cap of £1.11 billion, a PE ratio of -21.83, a P/E/G ratio of 2.15 and a beta of 0.05.

About Serica Energy

(Get Free Report)

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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Analyst Recommendations for Serica Energy (LON:SQZ)

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