Stifel Nicolaus Forecasts Strong Price Appreciation for Serica Energy (LON:SQZ) Stock

Serica Energy (LON:SQZ) had its price target boosted by Stifel Nicolaus from GBX 266 to GBX 281 in a report issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.84% from the stock’s previous close.

A number of other research analysts have also recently commented on SQZ. Canaccord Genuity Group increased 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. Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Serica Energy in a report on Thursday, March 26th. Panmure Gordon reduced their price objective on Serica Energy from GBX 270 to GBX 238 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. Finally, Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Serica Energy presently has a consensus rating of “Buy” and a consensus price target of GBX 252.

Serica Energy Price Performance

SQZ stock opened at GBX 265.50 on Tuesday. The firm has a 50 day simple moving average of GBX 240.06 and a two-hundred day simple moving average of GBX 205.65. The stock has a market cap of £1.04 billion, a PE ratio of -33.19, a P/E/G ratio of 2.15 and a beta of 0.78. Serica Energy has a one year low of GBX 112 and a one year high of GBX 296.50. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22.

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. 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.