Serica Energy Plc (LON:SQZ) had its target price cut by equities researchers at Peel Hunt from GBX 19 ($0.25) to GBX 18 ($0.23) in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential upside of 22.03% from the stock’s current price.

Shares of Serica Energy Plc (LON:SQZ) opened at 14.75 on Friday. Serica Energy Plc has a 52 week low of GBX 7.02 and a 52 week high of GBX 16.75. The stock’s 50 day moving average is GBX 14.88 and its 200 day moving average is GBX 12.14. The firm’s market cap is GBX 38.89 million.

About Serica Energy Plc

Serica Energy plc is a United Kingdom-based oil and gas company. The Company has exploration and development activities based in the United Kingdom, Ireland, Namibia and Morocco, and an economic interest in an oilfield offshore Norway. The Company’s segments include UK, Ireland and Africa. It holds licenses in the Central North Sea and the East Irish Sea, which includes the Columbus Field.

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