Soco International’s “Neutral” Rating Reaffirmed at BNP Paribas (SIA)
Soco International (LON:SIA)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Thursday, AnalystRatings.Net reports. They currently have a GBX 460 ($7.55) price objective on the stock. BNP Paribas’ target price indicates a potential upside of 11.38% from the stock’s previous close.
A number of other firms have also recently commented on SIA. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Soco International in a research note to investors on Wednesday. They now have a GBX 490 ($8.04) price target on the stock. Separately, 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. Finally, 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. Four equities 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 stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 405.71 ($6.66).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.