Peel Hunt Reaffirms Serica Energy PLC (LON:SQZ) As a “Buy”; They Now Have a PT Of GBX 160.00

Serica Energy plc (LON:SQZ) Logo

Serica Energy PLC (LON:SQZ) Rating Reaffirmed

Investment analysts at Peel Hunt now has a GBX 160.00 target on Serica Energy PLC (LON:SQZ). Peel Hunt and their recent target indicates a potential upside of 21.67 % from the company’s last price. The rating has been released in an analyst report on Friday morning.

The stock decreased 2.24% or GBX 3 during the last trading session, reaching GBX 131. About 1.06 million shares traded or 10.96% up from the average. Serica Energy plc (LON:SQZ) has 0.00% since December 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Serica Energy plc identifies, acquires, explores, and exploits gas and oil reserves in the United Kingdom, Ireland, Namibia, and Morocco. The company has market cap of 346.83 million GBP. The firm holds interests in offshore license blocks in the North Sea and East Irish Sea, the United Kingdom; the Atlantic Margin of Ireland; Morocco; and Namibia. It currently has negative earnings. It also holds an economic interest in an oilfield in Norway.

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