Numis Securities Ltd Reiterates Add Rating for SOCO International plc (SIA)
SOCO International plc (LON:SIA)‘s stock had its “add” rating reissued by equities researchers at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 491 ($8.13) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 12.87% from the stock’s previous close.
Shares of SOCO International plc (LON:SIA) opened at 434.60 on Wednesday. SOCO International plc has a 1-year low of GBX 367.90 and a 1-year high of GBX 477.10. The stock’s 50-day moving average is GBX 424.1 and its 200-day moving average is GBX 423.3. The company’s market cap is £1.426 billion.
A number of other firms have also recently commented on SIA. Analysts at RBC Capital reiterated an “outperform” rating on shares of SOCO International plc in a research note on Wednesday, August 20th. They now have a GBX 450 ($7.45) 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 ($7.94) price target on the stock. Finally, 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 ($7.94) price target on the stock, up previously from GBX 400 ($6.62). Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 422.86 ($7.00).
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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