SOCO International plc’s “Hold” Rating Reaffirmed at Oriel Securities Ltd (SIA)
A number of other firms have also recently commented on SIA. 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. Separately, 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. 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 research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 422.86 ($7.00).
SOCO International plc (LON:SIA) traded down 2.02% during mid-day trading on Thursday, hitting GBX 426.00. The stock had a trading volume of 113,860 shares. SOCO International plc has a 52-week low of GBX 373.40 and a 52-week high of GBX 477.10. The stock’s 50-day moving average is GBX 425.0 and its 200-day moving average is GBX 423.3. The company’s market cap is £1.398 billion.
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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