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

Canaccord Genuity Group reissued their buy rating on shares of Serica Energy (LON:SQZ) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a GBX 200 ($2.50) target price on the stock.

Serica Energy Stock Down 1.4 %

Shares of Serica Energy stock opened at GBX 143.20 ($1.79) on Thursday. Serica Energy has a 1 year low of GBX 110.40 ($1.38) and a 1 year high of GBX 222.20 ($2.77). The firm has a market cap of £559.10 million, a price-to-earnings ratio of 753.68, a PEG ratio of 2.15 and a beta of 0.44. The company has a 50-day moving average of GBX 138.17 and a 200 day moving average of GBX 134.55. The company has a debt-to-equity ratio of 26.31, a current ratio of 1.69 and a quick ratio of 1.22.

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.