Shore Capital Reiterates “Buy” Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital in a research note issued on Friday, Marketbeat reports. They currently have a GBX 230 price objective on the stock. Shore Capital’s price target would suggest a potential upside of 34.35% from the stock’s previous close.

A number of other brokerages also recently issued reports on SQZ. Jefferies Financial Group raised their price target on shares of Serica Energy from GBX 190 to GBX 230 and gave the company a “buy” rating in a report on Monday, October 20th. Peel Hunt reiterated a “buy” rating and set a GBX 207 price objective on shares of Serica Energy in a research note on Tuesday, November 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a GBX 215 price target on shares of Serica Energy in a report on Wednesday, August 13th. Finally, Canaccord Genuity Group raised their target price on shares of Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a research note on Friday, October 3rd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Serica Energy presently has a consensus rating of “Buy” and an average target price of GBX 220.33.

Serica Energy Trading Down 1.4%

Shares of LON:SQZ opened at GBX 171.20 on Friday. Serica Energy has a 12-month low of GBX 112 and a 12-month high of GBX 223. The business’s fifty day simple moving average is GBX 196.26 and its 200-day simple moving average is GBX 175.28. 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 £668.58 million, a PE ratio of -21.40, a P/E/G ratio of 2.15 and a beta of 0.44.

Serica Energy Company Profile

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.