Serica Energy’s (SQZ) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Serica Energy (LON:SQZ) in a research report report published on Tuesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 200 ($2.52) price target on the stock.

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

Serica Energy Price Performance

Shares of LON SQZ opened at GBX 127.80 ($1.61) on Tuesday. The firm has a market cap of £629.83 million, a P/E ratio of -88.08, a price-to-earnings-growth ratio of 2.15 and a beta of 0.44. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. Serica Energy has a 1-year low of GBX 110.40 ($1.39) and a 1-year high of GBX 210 ($2.65). The business’s 50 day moving average is GBX 141.93 and its 200-day moving average is GBX 135.65.

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.