Serica Energy plc (LON:SQZ – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 247.08 and traded as low as GBX 222. Serica Energy shares last traded at GBX 232.40, with a volume of 1,119,695 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently weighed in on SQZ shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 310 target price on shares of Serica Energy in a research report on Tuesday, June 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 365 price target on shares of Serica Energy in a research report on Monday, July 27th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 340 price target on shares of Serica Energy in a research note on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 273.88.
View Our Latest Analysis on SQZ
Serica Energy Stock Down 0.6%
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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