Serica Energy’s (SQZ) Buy Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a research report released on Tuesday morning, MarketBeat.com reports. They currently have a GBX 207 price objective on the stock.

A number of other brokerages have also commented on SQZ. Canaccord Genuity Group increased their price objective on Serica Energy from GBX 215 to GBX 240 and gave the company a “buy” rating in a report on Friday, October 3rd. Shore Capital reissued a “buy” rating and issued a GBX 225 target price on shares of Serica Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a GBX 215 target price on shares of Serica Energy in a report on Wednesday, August 13th. Finally, Jefferies Financial Group increased their target price on Serica Energy from GBX 190 to GBX 230 and gave the stock a “buy” rating in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 219.50.

Serica Energy Trading Up 0.7%

Shares of LON:SQZ opened at GBX 214.50 on Tuesday. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69. The stock has a market capitalization of £837.68 million, a price-to-earnings ratio of -26.81, a PEG ratio of 2.15 and a beta of 0.44. The company has a 50 day moving average price of GBX 185.76 and a 200 day moving average price of GBX 166.91. Serica Energy has a 1-year low of GBX 112 and a 1-year high of GBX 223.

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.