Soco International’s Buy Rating Reaffirmed at 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 Monday, StockRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of Soco International from a “buy” rating to a “neutral” rating in a research note to investors on Monday. They now have a GBX 420 ($6.70) price target on the stock, down previously from GBX 536 ($8.56). Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Soco International from GBX 453 ($7.23) to GBX 461 ($7.36) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 398.95 ($6.37).
Shares of Soco International (LON:SIA) opened at 397.10 on Monday. Soco International has a 1-year low of GBX 315.00 and a 1-year high of GBX 437.40. The stock’s 50-day moving average is GBX 390.0 and its 200-day moving average is GBX 380.2. The company’s market cap is £1.303 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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