SOCO International plc Receives Buy Rating from Jefferies Group (SIA)
SOCO International plc (LON:SIA)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a report released on Thursday. They currently have a GBX 480 ($8.08) target price on the stock. Jefferies Group’s price target suggests a potential upside of 11.11% from the stock’s previous close.
Shares of SOCO International plc (LON:SIA) traded up 0.84% during mid-day trading on Thursday, hitting GBX 432.00. The stock had a trading volume of 175,321 shares. SOCO International plc has a 1-year low of GBX 358.90 and a 1-year high of GBX 477.10. The stock has a 50-day moving average of GBX 419.6 and a 200-day moving average of GBX 421.4. The company’s market cap is £1.418 billion.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of SOCO International plc in a research note on Friday, August 1st. They now have a GBX 491 ($8.26) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of SOCO International plc from GBX 407 ($6.85) to GBX 395 ($6.65) 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 ($6.31) price target on the stock, down previously from GBX 385 ($6.48). Four research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. SOCO International plc currently has an average rating of “Hold” and an average target price of GBX 422.86 ($7.12).
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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