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Canaccord Genuity lifts target price on Serica Energy following Prax asset deal

By Iain Gilbert

Date: Friday 03 Oct 2025

(Sharecast News) - Canaccord Genuity raised its target price on Serica Energy from 215p to 240p on Friday following the group's acquisition of upstream assets from Prax E&P, which recently entered administration.
The $25.6m deal secures current production of around 13,800 barrels of oil equivalent per day and will be completed...

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