SOCO International plc’s (SIA) “Buy” Rating Reiterated at Peel Hunt
SOCO International plc (LON:SIA)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 145 ($1.91) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 26.36% from the stock’s current price.
A number of other research analysts also recently weighed in on the stock. Jefferies Group LLC upgraded shares of SOCO International plc to a “buy” rating and cut their price target for the company from GBX 165 ($2.18) to GBX 150 ($1.98) in a report on Monday, July 24th. Barclays PLC restated an “underweight” rating on shares of SOCO International plc in a report on Thursday, September 14th. Finally, Macquarie reiterated an “underperform” rating and issued a GBX 99 ($1.31) target price on shares of SOCO International plc in a report on Tuesday, September 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. SOCO International plc currently has a consensus rating of “Hold” and an average target price of GBX 138.57 ($1.83).
SOCO International plc (LON SIA) opened at 117.00 on Monday. The stock’s market capitalization is GBX 385.86 million. SOCO International plc has a 52-week low of GBX 105.25 and a 52-week high of GBX 162.00. The firm has a 50-day moving average of GBX 116.90 and a 200-day moving average of GBX 124.97.
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In other news, insider Rui C. De Sousa bought 550,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of GBX 118 ($1.56) per share, for a total transaction of £649,000 ($856,426.50).
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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