Soco International Receives Buy Rating from Numis Securities Ltd (SIA)
Soco International (LON:SIA)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a GBX 497 ($7.77) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 19.59% from the stock’s previous close.
Soco International (LON:SIA) opened at 415.40 on Friday. The stock has a 50-day moving average of GBX 381.5 and a 200-day moving average of GBX 378.2. The company’s market cap is £1.363 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Soco International (LON:SIA) in a research note to investors on Friday, August 30th. They now have a GBX 410 ($6.41) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of Soco International (LON:SIA) in a research note to investors on Friday, August 30th. Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Soco International (LON:SIA) in a research note to investors on Thursday, August 29th. They now have a GBX 536 ($8.38) price target on the stock.
Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 421.33 ($6.59).
SOCO International plc is an international oil and gas exploration and production company. The Company has oil and gas interests in Vietnam, which includes Block 9-2 and Block 16-1; Republic of Congo (LON:SIA), which includes Marine XI Block and Marine XIV Block, the Democratic Republic of Congo (Kinshasa), consists of Nganzi block and Block V and Angola, which include Cabinda Onshore North Block.
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