Serica Energy’s (SQZ) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Serica Energy (LON:SQZ) in a research note issued to investors on Thursday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 200 ($2.47) price target on the stock.

Serica Energy Price Performance

Shares of SQZ stock opened at GBX 143.02 ($1.77) on Thursday. Serica Energy has a 12 month low of GBX 110.40 ($1.36) and a 12 month high of GBX 222.20 ($2.74). The stock has a 50-day moving average price of GBX 137.36 and a 200 day moving average price of GBX 134.48. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 26.31. The firm 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.

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.