SOCO International plc Given “Add” Rating at Numis Securities Ltd (SIA)
SOCO International plc (LON:SIA)‘s stock had its “add” rating reiterated by stock analysts at Numis Securities Ltd in a report issued on Tuesday. They currently have a GBX 496 ($8.45) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 20.21% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of SOCO International plc in a research note on Thursday, June 12th. They now have a GBX 450 ($7.66) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of SOCO International plc in a research note on Wednesday, May 21st. They now have a GBX 450 ($7.66) price target on the stock. Finally, 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 ($6.81) price target on the stock. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 419.23 ($7.14).
SOCO International plc (LON:SIA) opened at 416.50 on Tuesday. SOCO International plc has a one year low of GBX 341.70 and a one year high of GBX 477.10. The stock has a 50-day moving average of GBX 421.8 and a 200-day moving average of GBX 417.2. The company’s market cap is £1.367 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.