Barclays Reiterates Underweight Rating for SOCO International plc (SIA)
SOCO International plc (LON:SIA)‘s stock had its “underweight” rating restated by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 415 ($7.12) target price on the stock. Barclays’ price objective would indicate a potential upside of 0.65% from the stock’s previous close.
Shares of SOCO International plc (LON:SIA) traded down 1.08% during mid-day trading on Tuesday, hitting GBX 412.30. 213,153 shares of the company’s stock traded hands. SOCO International plc has a 1-year low of GBX 351.30 and a 1-year high of GBX 477.10. The stock’s 50-day moving average is GBX 419.6 and its 200-day moving average is GBX 418.6. The company’s market cap is £1.353 billion.
A number of other firms have also recently commented on SIA. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of SOCO International plc in a research note on Tuesday, July 1st. They now have a GBX 496 ($8.51) price target on the stock. Separately, 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 ($7.72) price target on the stock. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 420 ($7.20).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.