SOCO International plc Given Consensus Recommendation of “Hold” by Brokerages (LON:SIA)
Shares of SOCO International plc (LON:SIA) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Analyst Ratings Network reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is GBX 422.86 ($7.07).
Shares of SOCO International plc (LON:SIA) opened at 424.40 on Tuesday. SOCO International plc has a 52 week low of GBX 367.90 and a 52 week high of GBX 477.10. The stock’s 50-day moving average is GBX 423.8 and its 200-day moving average is GBX 423.1. The company’s market cap is £1.393 billion.
A number of research firms have recently commented on SIA. Analysts at RBC Capital reiterated an “outperform” rating on shares of SOCO International plc in a research note on Wednesday. They now have a GBX 450 ($7.52) price target on the stock. Separately, 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. Finally, 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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