SOCO International plc Receives “Add” Rating from Numis Securities Ltd (SIA)
SOCO International plc (LON:SIA)‘s stock had its “add” rating reaffirmed by stock analysts at Numis Securities Ltd in a report issued on Friday. They currently have a GBX 491 ($8.34) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 16.38% from the stock’s previous close.
Shares of SOCO International plc (LON:SIA) traded down 1.88% on Friday, hitting GBX 421.90. 139,321 shares of the company’s stock traded hands. SOCO International plc has a 1-year low of GBX 358.90 and a 1-year high of GBX 477.10. The stock’s 50-day moving average is GBX 418.2 and its 200-day moving average is GBX 420.7. The company’s market cap is £1.385 billion.
A number of other firms have also recently commented on SIA. Analysts at Jefferies Group upgraded shares of SOCO International plc to a “buy” rating in a research note on Monday, July 28th. They now have a GBX 480 ($8.15) price target on the stock, up previously from GBX 400 ($6.79). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of SOCO International plc from GBX 407 ($6.91) to GBX 395 ($6.71) in a research note on Thursday, July 24th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity upgraded shares of SOCO International plc to a “hold” rating in a research note on Wednesday, July 23rd. They now have a GBX 375 ($6.37) price target on the stock, down previously from GBX 385 ($6.54). Four analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 422.86 ($7.18).
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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