SOCO International plc (SIA) Stock Rating Reaffirmed by Peel Hunt
SOCO International plc (LON:SIA)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 145 ($1.95) target price on the stock. Peel Hunt’s target price points to a potential upside of 25.54% from the stock’s current price.
SIA has been the topic of several other reports. Jefferies Group LLC raised SOCO International plc to a “buy” rating and dropped their price target for the company from GBX 165 ($2.22) to GBX 150 ($2.02) in a research note on Monday, July 24th. Barclays PLC restated an “underweight” rating on shares of SOCO International plc in a report on Thursday. Finally, Macquarie cut SOCO International plc to an “underperform” rating and cut their price target for the stock from GBX 151 ($2.03) to GBX 103 ($1.39) in a report on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 138.57 ($1.86).
Shares of SOCO International plc (SIA) opened at 115.50 on Monday. The company’s market cap is GBX 380.92 million. The stock’s 50 day moving average is GBX 119.54 and its 200 day moving average is GBX 128.52. SOCO International plc has a 12 month low of GBX 111.25 and a 12 month high of GBX 162.00.
In other news, insider Rui C. De Sousa bought 550,000 shares of SOCO International plc stock in a transaction dated Thursday, September 28th. The stock was bought at an average cost of GBX 118 ($1.59) per share, for a total transaction of £649,000 ($872,781.07).
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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