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

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 300 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 16.26% from the stock’s current price.

Several other brokerages have also recently weighed in on SQZ. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 235 target price on shares of Serica Energy in a report on Thursday, January 22nd. Panmure Gordon lowered their price target on shares of Serica Energy from GBX 270 to GBX 238 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of Serica Energy from GBX 225 to GBX 230 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 236.43.

Serica Energy Stock Performance

Shares of SQZ opened at GBX 258.05 on Thursday. The stock has a 50-day simple moving average of GBX 232.51 and a 200-day simple moving average of GBX 201.69. The company has a debt-to-equity ratio of 31.14, a quick ratio of 1.22 and a current ratio of 1.72. The stock has a market capitalization of £1.01 billion, a PE ratio of -32.26, a PEG ratio of 2.15 and a beta of 0.05. Serica Energy has a 1 year low of GBX 112 and a 1 year high of GBX 287.50.

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. 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.