SOCO International plc (SIA) Receives Buy Rating from Peel Hunt

SOCO International plc (LON:SIA)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research report issued to clients and investors on Friday, July 21st. They currently have a GBX 145 ($1.88) price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 24.73% from the stock’s current price.

SIA has been the topic of a number of other research reports. J P Morgan Chase & Co raised their price target on SOCO International plc from GBX 138 ($1.79) to GBX 141 ($1.83) and gave the company an “underweight” rating in a research report on Wednesday, May 17th. Jefferies Group LLC restated a “buy” rating and set a GBX 195 ($2.53) price target on shares of SOCO International plc in a research report on Friday, March 24th. Barclays PLC downgraded SOCO International plc to an “underweight” rating and lowered their price target for the company from GBX 140 ($1.82) to GBX 130 ($1.69) in a research report on Thursday, June 22nd. Macquarie downgraded SOCO International plc to an “underperform” rating and lowered their price target for the company from GBX 151 ($1.96) to GBX 103 ($1.34) in a research report on Wednesday, June 21st. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 145 ($1.88) price objective on shares of SOCO International plc in a research note on Friday, March 24th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 139.14 ($1.81).

Shares of SOCO International plc (LON:SIA) traded down 2.11% during trading on Friday, hitting GBX 116.25. The stock had a trading volume of 125,991 shares. SOCO International plc has a 1-year low of GBX 111.25 and a 1-year high of GBX 162.00. The firm’s 50 day moving average is GBX 119.27 and its 200 day moving average is GBX 132.39. The company’s market cap is GBX 383.22 million.

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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.

Analyst Recommendations for SOCO International plc (LON:SIA)

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