SOCO International plc (LON:SIA) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 140 ($1.88).

A number of research analysts recently weighed in on SIA shares. Jefferies Group reaffirmed a “buy” rating and set a GBX 150 ($2.02) price objective on shares of SOCO International in a report on Wednesday, October 4th. Peel Hunt reiterated a “buy” rating and set a GBX 145 ($1.95) target price on shares of SOCO International in a research report on Wednesday, September 13th. Barclays restated an “underweight” rating on shares of SOCO International in a research report on Thursday, September 14th. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 141 ($1.90) price objective on shares of SOCO International in a research report on Tuesday, October 31st. Finally, Macquarie reiterated an “underperform” rating and set a GBX 99 ($1.33) target price on shares of SOCO International in a research report on Tuesday, September 12th.

In other news, insider Jann M. Brown purchased 7,625 shares of the company’s stock in a transaction on Monday, November 27th. The stock was bought at an average cost of GBX 113 ($1.52) per share, for a total transaction of £8,616.25 ($11,596.57). Also, insider Rui C. De Sousa purchased 550,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average price of GBX 118 ($1.59) per share, with a total value of £649,000 ($873,485.87).

Shares of SOCO International (LON:SIA) opened at GBX 101 ($1.36) on Thursday. SOCO International has a twelve month low of GBX 104 ($1.40) and a twelve month high of GBX 162 ($2.18).

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SOCO International Company Profile

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.

Analyst Recommendations for SOCO International (LON:SIA)

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