Brokerages Set SOCO International plc (SIA) Price Target at $139.14
SOCO International plc (LON:SIA) has been given a consensus rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 139.14 ($1.80).
A number of research analysts have commented on the company. Jefferies Group LLC restated a “buy” rating and set a GBX 150 ($1.94) price target on shares of SOCO International plc in a research note on Tuesday. Peel Hunt restated a “buy” rating and set a GBX 160 ($2.07) price target on shares of SOCO International plc in a research note on Friday, June 9th. Barclays PLC cut SOCO International plc to an “underweight” rating and decreased their price target for the stock from GBX 140 ($1.81) to GBX 130 ($1.68) in a research note on Thursday, June 22nd. Macquarie cut SOCO International plc to an “underperform” rating and decreased their price target for the stock from GBX 151 ($1.95) to GBX 103 ($1.33) in a research note on Wednesday, June 21st. Finally, J P Morgan Chase & Co upped their price target on SOCO International plc from GBX 138 ($1.78) to GBX 141 ($1.82) and gave the stock an “underweight” rating in a research note on Wednesday, May 17th.
SOCO International plc (LON:SIA) traded down 0.42% on Tuesday, reaching GBX 118.50. The company’s stock had a trading volume of 57,314 shares. The company has a 50 day moving average of GBX 119.29 and a 200 day moving average of GBX 130.38. The firm’s market capitalization is GBX 390.64 million. SOCO International plc has a 52 week low of GBX 111.25 and a 52 week high of GBX 162.00.
SOCO International plc 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.
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