Numis Securities Ltd Reiterates “Buy” Rating for Soco International (SIA)
Soco International (LON:SIA)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Wednesday, Analyst RN reports. They currently have a GBX 490 ($8.04) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 18.96% from the company’s current price.
Soco International (LON:SIA) traded down 0.72% during mid-day trading on Wednesday, hitting GBX 411.00. 141,742 shares of the company’s stock traded hands. 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 397.8 and a 200-day moving average of GBX 393.3. The company’s market cap is £1.349 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity initiated coverage on shares of Soco International in a research note to investors on Wednesday, January 15th. They set a “hold” rating and a GBX 385 ($6.32) price target on the stock. Separately, analysts at Nomura raised their price target on shares of Soco International from GBX 400 ($6.57) to GBX 410 ($6.73) in a research note to investors on Monday, January 13th. They now have a “neutral” rating on the stock. Finally, 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 ($6.89) price target on the stock, down previously from GBX 460 ($7.55). Four 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. The company currently has a consensus rating of “Hold” and an average price target of GBX 402.79 ($6.61).
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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