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

by · The Markets Daily

Serica Energy (LON:SQZ – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 350 target price on the stock. Berenberg Bank’s price target points to a potential upside of 34.72% from the stock’s previous close.

SQZ has been the subject of several other reports. Shore Capital Group reiterated a “buy” rating on shares of Serica Energy in a report on Thursday, March 26th. Canaccord Genuity Group upped their price target on shares of Serica Energy from GBX 230 to GBX 310 and gave the stock a “buy” rating in a research report on Monday, March 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 250 price target on shares of Serica Energy in a research report on Friday, April 24th. Finally, Stifel Nicolaus upped their price target on shares of Serica Energy from GBX 266 to GBX 281 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Serica Energy presently has an average rating of “Buy” and a consensus target price of GBX 268.25.

Check Out Our Latest Report on Serica Energy

Serica Energy Trading Up 4.0%

Shares of SQZ opened at GBX 259.80 on Tuesday. The stock has a fifty day moving average of GBX 269.86 and a two-hundred day moving average of GBX 228.58. The company has a debt-to-equity ratio of 33.93, a quick ratio of 1.22 and a current ratio of 1.14. The company has a market capitalization of £1.01 billion, a PE ratio of -19.98, a price-to-earnings-growth ratio of 2.15 and a beta of 0.05. Serica Energy has a fifty-two week low of GBX 146 and a fifty-two week high of GBX 302.40.

About Serica Energy

(Get Free Report)

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.

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