Soco International Given New GBX 410 Price Target at Nomura (SIA)
Investment analysts at Nomura upped their target price on shares of Soco International (LON:SIA) from GBX 400 ($6.59) to GBX 410 ($6.76) in a note issued to investors on Monday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Nomura’s target price would suggest a potential upside of 0.49% from the stock’s previous close.
Shares of Soco International (LON:SIA) opened at 411.60 on Monday. Soco International has a 52-week low of GBX 341.395 and a 52-week high of GBX 437.40. The stock has a 50-day moving average of GBX 397.0 and a 200-day moving average of GBX 391.8. The company’s market cap is £1.351 billion.
Several other analysts have also recently commented on the stock. 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). Separately, 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. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Soco International in a research note to investors on Monday, November 11th. They now have a GBX 425 ($7.00) price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Soco International currently has a consensus rating of “Hold” and an average price target of GBX 394.86 ($6.51).
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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