Canaccord Genuity Initiates Coverage on Soco International (SIA)
Equities researchers at Canaccord Genuity assumed coverage on shares of Soco International (LON:SIA) in a research report issued on Wednesday, Analyst Ratings Net reports. The firm set a “hold” rating and a GBX 385 ($6.34) price target on the stock. Canaccord Genuity’s price target points to a potential downside of 6.21% from the stock’s previous close.
SIA has been the subject of a number of other recent research reports. Analysts at Nomura raised their price target on shares of Soco International from GBX 400 ($6.59) to GBX 410 ($6.76) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Soco International to a “sell” rating in a research note to investors on Wednesday, December 11th. They now have a GBX 420 ($6.92) price target on the stock, down previously from GBX 460 ($7.58). Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Soco International in a research note to investors on Monday, November 25th. They now have a GBX 425 ($7.00) price target on the stock. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Soco International currently has a consensus rating of “Hold” and a consensus price target of GBX 394.86 ($6.51).
Soco International (LON:SIA) traded up 0.05% on Wednesday, hitting GBX 410.50. 202,193 shares of the company’s stock traded hands. Soco International has a 1-year low of GBX 341.395 and a 1-year high of GBX 437.40. The stock has a 50-day moving average of GBX 396.6 and a 200-day moving average of GBX 391.6. The company’s market cap is £1.347 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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