SOCO International plc Receives Consensus Recommendation of “Hold” from Brokerages (LON:SIA)
Shares of SOCO International plc (LON:SIA) have been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 409.54 ($6.81).
A number of analysts have recently weighed in on SIA shares. Analysts at Barclays reiterated an “underweight” rating on shares of SOCO International plc in a research note on Tuesday. They now have a GBX 405 ($6.74) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of SOCO International plc in a research note on Monday, February 3rd. They now have a GBX 490 ($8.15) price target on the stock.
SOCO International plc (LON:SIA) traded up 1.18% on Wednesday, hitting GBX 445.10. 43,005 shares of the company’s stock traded hands. SOCO International plc has a 52 week low of GBX 341.395 and a 52 week high of GBX 448.00. The stock has a 50-day moving average of GBX 419.3 and a 200-day moving average of GBX 403.5. The company’s market cap is £1.461 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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