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

Berenberg Bank restated their buy rating on shares of Serica Energy (LON:SQZ) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 200 ($2.53) price objective on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 200 ($2.53) price objective on shares of Serica Energy in a report on Thursday, January 23rd.

Serica Energy Trading Down 0.3 %

Shares of SQZ stock opened at GBX 130.60 ($1.65) on Tuesday. Serica Energy has a twelve month low of GBX 110.40 ($1.40) and a twelve month high of GBX 210 ($2.66). The stock has a market cap of £643.63 million, a price-to-earnings ratio of -90.01, a PEG ratio of 2.15 and a beta of 0.44. The company’s 50-day moving average price is GBX 141.75 and its 200-day moving average price is GBX 135.65. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31.

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.