Serica Energy’s (SQZ) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a research note published on Tuesday, MarketBeat.com reports. Berenberg Bank currently has a GBX 200 ($2.53) price target on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a research report on Thursday, January 23rd.

Serica Energy Stock Down 0.3 %

Serica Energy stock opened at GBX 130.60 ($1.65) on Tuesday. Serica Energy has a twelve month low of GBX 110.40 ($1.40) and a twelve month high of GBX 210 ($2.66). The business has a fifty day moving average of GBX 141.75 and a two-hundred day moving average of GBX 135.65. The firm has a market cap of £643.63 million, a P/E ratio of -90.01, a P/E/G ratio of 2.15 and a beta of 0.44. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31.

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.