SOCO International plc Receives Average Recommendation of “Hold” from Analysts (LON:SIA)
Shares of SOCO International plc (LON:SIA) have been given an average rating of “Hold” by the fifteen ratings firms that are presently covering the company, AmericanBankingNews.com reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 422.86 ($7.07).
SOCO International plc (LON:SIA) traded up 0.59% on Tuesday, hitting GBX 445.50. The stock had a trading volume of 35,349 shares. SOCO International plc has a 52-week low of GBX 365.20 and a 52-week high of GBX 477.10. The stock has a 50-day moving average of GBX 422.2 and a 200-day moving average of GBX 422.6. The company’s market cap is £1.462 billion.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of SOCO International plc in a research note on Thursday, August 7th. They now have a GBX 480 ($8.02) price target on the stock. Separately, 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 ($8.21) price target on the stock.
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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