Berenberg Bank Reiterates Buy Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Tuesday,Digital Look reports. They presently have a GBX 200 ($2.52) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 56.49% from the company’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.52) target price on shares of Serica Energy in a research note on Thursday, January 23rd.

Serica Energy Stock Down 11.3 %

Serica Energy stock traded down GBX 16.20 ($0.20) during trading on Tuesday, reaching GBX 127.80 ($1.61). 10,925,269 shares of the company’s stock were exchanged, compared to its average volume of 1,715,381. The company’s 50-day moving average is GBX 141.93 and its two-hundred day moving average is GBX 135.65. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. Serica Energy has a 52-week low of GBX 110.40 ($1.39) and a 52-week high of GBX 210 ($2.65). The firm has a market cap of £629.83 million, a price-to-earnings ratio of -88.08, a PEG ratio of 2.15 and a beta of 0.44.

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.