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

Serica Energy (LON:SQZ)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 200 ($2.52) target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 56.49% from the company’s current price.

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

Serica Energy Stock Down 11.3 %

Shares of Serica Energy stock traded down GBX 16.20 ($0.20) during trading hours on Tuesday, reaching GBX 127.80 ($1.61). 10,925,269 shares of the company were exchanged, compared to its average volume of 1,715,381. Serica Energy has a 1 year low of GBX 110.40 ($1.39) and a 1 year high of GBX 210 ($2.65). The stock’s fifty day moving average is GBX 141.93 and its 200 day moving average is GBX 135.65. 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 firm has a market cap of £629.83 million, a PE ratio of -88.08, a PEG ratio of 2.15 and a beta of 0.44.

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.