RBC Capital Reiterates “Outperform” Rating for SOCO International plc (SIA)
SOCO International plc (LON:SIA)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 450 ($7.45) price objective on the stock. RBC Capital’s price target would suggest a potential upside of 3.45% from the company’s current price.
SOCO International plc (LON:SIA) opened at 428.29 on Thursday. SOCO International plc has a one year low of GBX 373.40 and a one year high of GBX 477.10. The stock’s 50-day moving average is GBX 424.6 and its 200-day moving average is GBX 423.3. The company’s market cap is £1.405 billion.
A number of other firms have also recently commented on SIA. Analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of SOCO International plc in a research note on Thursday. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SOCO International plc in a research note on Wednesday. They now have a GBX 491 ($8.13) price target on the stock. Finally, 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. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. SOCO International plc currently has a consensus rating of “Hold” and an average target price 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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