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Serica Energy PLC (LON:SQZ) stock price target reduced to 18.00GBX, issued a report today by Peel Hunt

In a report released on 9/30/2016 Peel Hunt reduced the stock price target of Serica Energy PLC (LON:SQZ) from 19.00GBX to 18.00GBX indicating a possible upside of 0%.

Previously on 05/23/2016, Peel Hunt reported on Serica Energy PLC (LON:SQZ) increased the target price from 13.00GBX to 17.00GBX. At the time, this indicated a possible upside of 0%.

Yesterday Serica Energy PLC (LON:SQZ) traded -4.24% lower at 0.00GBX. The company’s 50-day moving average is 14.92GBX and its 200-day moving average is 12.18GBX. The last closing price is down 15.99% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,524,000 shares of the stock traded hands, up from an average trading volume of 533,674

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Serica Energy PLC (LON:SQZ)

Serica Energy PLC has a 52 week low of 7.02GBX and a 52 week high of 16.75GBX with a P/E ratio of 5.65 The company’s market cap is currently 0 GBX.

In addition to Peel Hunt reporting its stock price target, a total of 1 broker has issued a report on the company. The average stock price target is 0.19GBX with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Serica Energy PLC (LON:SQZ)

Serica Energy plc is a United Kingdom-based oil and gas company. The Company has exploration and development activities based in the United Kingdom, Ireland, Namibia and Morocco, and an economic interest in an oilfield offshore Norway. The Company's segments include UK, Ireland and Africa. It holds licenses in the Central North Sea and the East Irish Sea, which includes the Columbus Field. It holds Frontier Exploration Licenses for Muckish, Aghla and Derryveagh, and Liffey and Boyne Prospects. The Company also holds interest in Blocks 113/26b and 113/27c, including the Doyle prospect. It holds interest in Block 113/22a, which is operated by Zennor North Sea Limited. The Company has interest in a Petroleum Agreement covering Blocks 2512A, 2513A, 2513B and 2612A in the Luderitz Basin, offshore Namibia in partnership with other companies. The Company has working interest in the Sidi Moussa license. The Company has an economic interest in the potential development of the Vette field.

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