RBC Capital Reiterates “Outperform” Rating for SOCO International plc (SIA)
SOCO International plc (LON:SIA)‘s stock had its “outperform” rating reaffirmed by research analysts at RBC Capital in a report released on Wednesday. They currently have a GBX 450 ($7.57) target price on the stock. RBC Capital’s target price indicates a potential upside of 9.20% from the company’s current price.
SIA has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of SOCO International plc in a research note on Thursday, May 15th. They now have a GBX 400 ($6.73) price target on the stock. Separately, analysts at Numis Securities Ltd initiated coverage on shares of SOCO International plc in a research note on Friday, May 2nd. They set an “add” rating and a GBX 515 ($8.66) price target on the stock. Finally, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of SOCO International plc in a research note on Tuesday, April 15th. They now have a GBX 460 ($7.74) price target on the stock. Five research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. SOCO International plc has an average rating of “Hold” and an average target price of GBX 421.46 ($7.09).
Shares of SOCO International plc (LON:SIA) opened at 415.30 on Wednesday. SOCO International plc has a one year low of GBX 341.395 and a one year high of GBX 477.10. The stock has a 50-day moving average of GBX 418.5 and a 200-day moving average of GBX 412.9. The company’s market cap is £1.363 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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