Numis Securities Ltd Reiterates Buy Rating for Soco International (SIA)
Soco International (LON:SIA)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued on Monday, StockRatingsNetwork reports. They currently have a GBX 490 ($8.05) price objective on the stock. Numis Securities Ltd’s price target points to a potential upside of 18.85% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Soco International from GBX 390 ($6.41) to GBX 410 ($6.74) in a research note to investors on Friday, January 24th. They now have an “underweight” rating on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Soco International in a research note to investors on Thursday, January 23rd. They now have a GBX 460 ($7.56) price target on the stock. Finally, 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 ($6.33) 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 issued a buy rating to the stock. Soco International presently has a consensus rating of “Hold” and an average target price of GBX 407.37 ($6.69).
Shares of Soco International (LON:SIA) traded down 0.75% during mid-day trading on Monday, hitting GBX 409.20. 264,935 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’s 50-day moving average is GBX 401.0 and its 200-day moving average is GBX 395.5. The company’s market cap is £1.343 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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