SOCO International plc’s (SIA) “Buy” Rating Reaffirmed at Peel Hunt
Peel Hunt reissued their buy rating on shares of SOCO International plc (LON:SIA) in a research note published on Monday morning. Peel Hunt currently has a GBX 145 ($1.91) price objective on the stock.
Several other brokerages have also recently issued reports on SIA. Jefferies Group LLC upgraded SOCO International plc to a buy rating and dropped their target price for the company from GBX 165 ($2.18) to GBX 150 ($1.98) in a report on Monday, July 24th. Macquarie restated 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. Finally, Barclays PLC restated an underweight rating on shares of SOCO International plc in a report on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. SOCO International plc presently has an average rating of Hold and a consensus target price of GBX 138.57 ($1.83).
Shares of SOCO International plc (LON:SIA) traded up 0.22% during midday trading on Monday, reaching GBX 116.50. 372,349 shares of the company’s stock were exchanged. The stock’s market cap is GBX 384.22 million. SOCO International plc has a one year low of GBX 105.25 and a one year high of GBX 162.00. The company’s 50-day moving average is GBX 116.65 and its 200-day moving average is GBX 124.44.
In related news, insider Rui C. De Sousa purchased 550,000 shares of SOCO International plc stock in a transaction on Thursday, September 28th. The shares were bought at an average price of GBX 118 ($1.56) per share, with a total value 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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