Jefferies Group LLC Upgrades SOCO International plc (SIA) to Buy

SOCO International plc (LON:SIA) was upgraded by Jefferies Group LLC to a “buy” rating in a research note issued to investors on Monday, July 24th. The brokerage currently has a GBX 150 ($1.95) price target on the stock, down from their prior price target of GBX 165 ($2.14). Jefferies Group LLC’s price target points to a potential upside of 29.03% from the company’s previous close.

A number of other brokerages also recently weighed in on SIA. Barclays PLC lowered their price objective on shares of SOCO International plc from GBX 155 ($2.01) to GBX 140 ($1.82) and set an “equal weight” rating on the stock in a research report on Tuesday, April 11th. J P Morgan Chase & Co increased their price objective on shares of 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. Peel Hunt reiterated a “buy” rating and issued a GBX 160 ($2.08) price target on shares of SOCO International plc in a research report on Friday, June 9th. Finally, Macquarie downgraded shares of SOCO International plc to an “underperform” rating and decreased their price target for the stock from GBX 151 ($1.96) to GBX 103 ($1.34) in a research report on Wednesday, June 21st. Three research 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. SOCO International plc 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 midday trading on Monday, hitting GBX 116.25. 125,991 shares of the stock traded hands. The firm’s market capitalization is GBX 383.22 million. The company’s 50-day moving average is GBX 119.27 and its 200 day moving average is GBX 132.39. SOCO International plc has a 52 week low of GBX 111.25 and a 52 week high of GBX 162.00.

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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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