Goldman Sachs Group Inc. Increases Soco International Price Target to GBX 461 (SIA)
Analysts at Goldman Sachs Group Inc. increased their price objective on shares of Soco International (LON:SIA) from GBX 453 ($7.23) to GBX 461 ($7.36) in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 15.83% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Soco International in a research note to investors on Thursday, October 3rd. They now have a GBX 425 ($6.78) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Soco International in a research note to investors on Thursday, October 3rd. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Soco International in a research note to investors on Thursday, October 3rd. They now have a GBX 413 ($6.59) price target on the stock. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 398.95 ($6.37).
Shares of Soco International (LON:SIA) traded down 2.14% on Monday, hitting GBX 398.00. The stock had a trading volume of 536,492 shares. 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 £1.306 billion.
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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