Canaccord Genuity Group Reaffirms "Buy" Rating for Serica Energy (LON:SQZ)

Serica Energy (LON:SQZ - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 200 ($2.46) price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 37.74% from the company's previous close.

Serica Energy Stock Down 3.8 %

LON SQZ traded down GBX 5.80 ($0.07) during trading hours on Thursday, hitting GBX 145.20 ($1.79). The company's stock had a trading volume of 1,187,843 shares, compared to its average volume of 1,753,167. The company has a market capitalization of £566.90 million, a PE ratio of 764.21, 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 52 week low of GBX 110.40 ($1.36) and a 52 week high of GBX 222.20 ($2.74). The company's 50-day simple moving average is GBX 137.36 and its two-hundred day simple moving average is GBX 134.48.

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.