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

Canaccord Genuity Group reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 200 ($2.47) price target on the stock.

Serica Energy Stock Down 1.5 %

LON:SQZ opened at GBX 143.02 ($1.77) on Thursday. Serica Energy has a 1 year low of GBX 110.40 ($1.36) and a 1 year high of GBX 222.20 ($2.74). The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 26.31. The stock has a market cap of £558.40 million, a price-to-earnings ratio of 752.75, a PEG ratio of 2.15 and a beta of 0.44. The stock has a 50-day moving average price of GBX 137.36 and a two-hundred day moving average price of GBX 134.48.

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.