Serica Energy's (SQZ) "Buy" Rating Reiterated at Berenberg Bank

Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 200 ($2.53) price target on the stock. Berenberg Bank's target price indicates a potential upside of 51.63% from the company's current price.

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 200 ($2.53) target price on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Stock Performance

Shares of SQZ traded up GBX 1.30 ($0.02) during midday trading on Tuesday, reaching GBX 131.90 ($1.67). The stock had a trading volume of 1,198,676 shares, compared to its average volume of 1,720,462. The firm has a 50 day simple moving average of GBX 141.64 and a 200-day simple moving average of GBX 135.65. Serica Energy has a one year low of GBX 110.40 ($1.39) and a one year high of GBX 210 ($2.65). The firm has a market cap of £650.03 million, a PE ratio of -90.90, a P/E/G 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 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.