SOCO International plc (SIA) Cut to “Underweight” at Barclays PLC
SOCO International plc (LON:SIA) was downgraded by stock analysts at Barclays PLC to an “underweight” rating in a report released on Thursday. They currently have a GBX 130 ($1.66) price objective on the stock, down from their prior price objective of GBX 140 ($1.78). Barclays PLC’s price target suggests a potential upside of 12.80% from the company’s previous close.
Other analysts have also issued reports about the stock. Macquarie lowered shares of SOCO International plc to an “underperform” rating and lowered their target price for the company from GBX 151 ($1.92) to GBX 103 ($1.31) in a research note on Wednesday. Jefferies Group LLC lowered shares of SOCO International plc to a “hold” rating and lowered their target price for the company from GBX 195 ($2.48) to GBX 165 ($2.10) in a research note on Wednesday, May 17th. Numis Securities Ltd reissued a “hold” rating and set a GBX 145 ($1.85) target price on shares of SOCO International plc in a research note on Friday, March 24th. Peel Hunt reissued a “buy” rating and set a GBX 160 ($2.04) target price on shares of SOCO International plc in a research note on Friday, June 9th. Finally, J P Morgan Chase & Co boosted their target price on shares of SOCO International plc from GBX 138 ($1.76) to GBX 141 ($1.80) and gave the company an “underweight” rating in a research note on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. SOCO International plc currently has an average rating of “Hold” and an average target price of GBX 142 ($1.81).
Shares of SOCO International plc (LON SIA) opened at 115.25 on Thursday. The stock has a 50 day moving average of GBX 134.09 and a 200 day moving average of GBX 142.34. The stock’s market capitalization is GBX 379.93 million. SOCO International plc has a 52-week low of GBX 113.25 and a 52-week high of GBX 168.26.
WARNING: “SOCO International plc (SIA) Cut to “Underweight” at Barclays PLC” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/25/soco-international-plc-sia-cut-to-underweight-at-barclays-plc.html.
About SOCO International plc
SOCO International plc (SOCO) is an oil and gas exploration and production company. The Company’s segments include South East Asia and Africa. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. In Vietnam, SOCO’s Block 16-1 and Block 9-2 include the Te Giac Trang and Ca Ngu Vang Fields, which are located in shallow water in the Cuu Long Basin, near the Bach Ho Field.
Receive News & Ratings for SOCO International plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International plc and related companies with MarketBeat.com's FREE daily email newsletter.