SOCO International plc (LON:SIA) Receives “Buy” Rating from Peel Hunt
SOCO International plc (LON:SIA)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a report released on Friday. They presently have a GBX 145 ($1.89) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 21.09% from the company’s previous close.
SIA has been the topic of a number of other reports. Barclays PLC upgraded SOCO International plc to an “equal weight” rating and set a GBX 155 ($2.02) target price on the stock in a research note on Friday, March 24th. J P Morgan Chase & Co lifted their target price on SOCO International plc from GBX 138 ($1.80) to GBX 141 ($1.84) and gave the stock an “underweight” rating in a research note on Wednesday, May 17th. Macquarie cut SOCO International plc to an “underperform” rating and lowered their target price for the stock from GBX 151 ($1.97) to GBX 103 ($1.34) in a research note on Wednesday, June 21st. Numis Securities Ltd reiterated a “hold” rating and set a GBX 145 ($1.89) target price on shares of SOCO International plc in a research note on Friday, March 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 195 ($2.55) target price on shares of SOCO International plc in a research note on Friday, March 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 142.38 ($1.86).
SOCO International plc (LON SIA) opened at 119.75 on Friday. The stock has a 50 day moving average of GBX 120.69 and a 200 day moving average of GBX 137.18. SOCO International plc has a 12 month low of GBX 111.25 and a 12 month high of GBX 168.26. The company’s market capitalization is GBX 394.76 million.
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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.
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