Nomura Lowers Soco International Price Target to GBX 400 (SIA)
Investment analysts at Nomura reduced their price objective on shares of Soco International (LON:SIA) from GBX 425 ($6.86) to GBX 400 ($6.45) in a note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Nomura’s price objective points to a potential downside of 3.75% from the stock’s previous close.
Soco International (LON:SIA) traded up 4.42% on Wednesday, hitting GBX 415.60. 1,037,419 shares of the company’s stock traded hands. Soco International has a one year low of GBX 315.00 and a one year high of GBX 437.40. The stock has a 50-day moving average of GBX 390.0 and a 200-day moving average of GBX 380.2. The company’s market cap is £1.364 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Soco International (LON:SIA) in a research note to investors on Wednesday, September 25th. They now have a GBX 450 ($7.26) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Soco International (LON:SIA) in a research note to investors on Friday, September 13th. They now have a GBX 497 ($8.02) price target on the stock. Finally, 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 ($6.62) price target on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Soco International has a consensus rating of “Hold” and a consensus target price of GBX 418.21 ($6.75).
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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