Brokerages Set Serica Energy plc (LON:SQZ) Price Target at GBX 207.83

Shares of Serica Energy plc (LON:SQZ) have been assigned an average rating of “Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 207.83.

SQZ has been the subject of several recent research reports. Shore Capital reiterated a “buy” rating on shares of Serica Energy in a report on Wednesday, September 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a GBX 215 price target on shares of Serica Energy in a research note on Wednesday, August 13th. Peel Hunt reissued a “buy” rating and issued a GBX 207 price target on shares of Serica Energy in a research note on Tuesday. Canaccord Genuity Group restated a “buy” rating and issued a GBX 215 price objective on shares of Serica Energy in a report on Tuesday, September 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 190 price objective on shares of Serica Energy in a research report on Tuesday, August 5th.

Serica Energy Price Performance

LON SQZ opened at GBX 198 on Tuesday. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22. The firm has a market capitalization of £773.24 million, a price-to-earnings ratio of -2,475.00, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a 50 day simple moving average of GBX 171.05 and a 200-day simple moving average of GBX 154.38. Serica Energy has a 52-week low of GBX 112 and a 52-week high of GBX 206.

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.