Jefferies Financial Group Reaffirms Buy Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 310 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 19.32% from the stock’s previous close.

A number of other equities 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 report on Monday, March 30th. Berenberg Bank reissued a “buy” rating and set a GBX 350 target price on shares of Serica Energy in a report on Tuesday. Shore Capital Group reissued a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Finally, Stifel Nicolaus increased their target price on Serica Energy from GBX 266 to GBX 281 and gave the company a “buy” rating in a report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Serica Energy has a consensus rating of “Buy” and a consensus target price of GBX 268.25.

Serica Energy Price Performance

Shares of Serica Energy stock opened at GBX 259.80 on Tuesday. The business has a 50 day simple moving average of GBX 269.86 and a two-hundred day simple moving average of GBX 228.58. Serica Energy has a 12 month low of GBX 146 and a 12 month high of GBX 302.40. The stock has a market capitalization of £1.01 billion, a P/E ratio of -19.98, a PEG ratio of 2.15 and a beta of 0.05. The company has a debt-to-equity ratio of 33.93, a current ratio of 1.14 and a quick ratio of 1.22.

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.