Soco International Given Underweight Rating at Barclays (SIA)
Soco International (LON:SIA)‘s stock had its “underweight” rating reaffirmed by stock analysts at Barclays in a report issued on Tuesday, AR Network reports. They currently have a GBX 405 ($6.66) price objective on the stock. Barclays’ target price would indicate a potential downside of 1.03% from the stock’s previous close.
Soco International (LON:SIA) opened at 411.10 on Tuesday. 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 £1.349 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Soco International in a research note to investors on Monday. They now have a GBX 490 ($8.05) price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Soco International currently has a consensus rating of “Hold” and an average price target of GBX 409.54 ($6.73).
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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