Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Serica Energy ( (GB:SQZ) ) has issued an update.
Serica Energy plc announced the transfer of 541,985 Ordinary Shares from Treasury to its Employee Benefit Trust to satisfy Legacy LTIP and SIP Awards. This transaction results in the company no longer holding any Ordinary Shares in Treasury, with a total of 393,568,408 Ordinary Shares now in issue, which defines the voting rights for shareholders and others with notification obligations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:SQZ) stock is a Buy with a £232.00 price target. To see the full list of analyst forecasts on Serica Energy stock, see the GB:SQZ Stock Forecast page.
Spark’s Take on GB:SQZ Stock
According to Spark, TipRanks’ AI Analyst, GB:SQZ is a Outperform.
Serica Energy’s strong corporate events and favorable valuation are significant strengths, positioning the stock as an attractive investment, particularly for those seeking income through dividends. The solid technical performance further supports a positive outlook, although caution is warranted due to financial performance challenges and potential overbought conditions in technical indicators.
To see Spark’s full report on GB:SQZ stock, click here.
More about Serica Energy
Serica Energy plc is a company operating in the energy sector, primarily involved in the exploration and production of oil and gas. The company focuses on developing its assets in the North Sea, aiming to enhance its production capabilities and market presence.
Average Trading Volume: 1,534,274
Technical Sentiment Signal: Buy
Current Market Cap: £638.3M
For an in-depth examination of SQZ stock, go to TipRanks’ Stock Analysis page.