Serica Energy Plc (LON:SQZ) had its price objective reduced by stock analysts at Peel Hunt from GBX 32 ($0.42) to GBX 30 ($0.39) in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 12.15% from the stock’s previous close.

Serica Energy Plc (SQZ) opened at 26.75 on Friday. The stock’s market cap is GBX 70.53 million. Serica Energy Plc has a 52-week low of GBX 12.22 and a 52-week high of GBX 34.00. The stock has a 50 day moving average price of GBX 28.52 and a 200 day moving average price of GBX 26.29.

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About Serica Energy Plc

Serica Energy plc is a United Kingdom-based oil and gas company. The Company has exploration and development activities based in the United Kingdom, Ireland, Namibia and Morocco, and an economic interest in an oilfield offshore Norway. The Company’s segments include UK, Ireland and Africa. It holds licenses in the Central North Sea and the East Irish Sea, which includes the Columbus Field.

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