Numis Securities Ltd Reiterates Hold on Soco International (SIA)
Soco International (LON: SIA)‘s stock had its “hold” rating restated by equities researchers at Numis Securities Ltd in a report issued on Tuesday. They currently have a $6.02 (373 GBX) target price on the stock.
Shares of Soco International opened at 346.70 on Tuesday. Soco International has a one year low of GBX 252.50 and a one year high of GBX 367.00. The company’s market cap is £1.153 billion.
A number of other firms have also recently commented on SIA. Analysts at RBC Capital downgraded shares of Soco International to a “sector perform” rating in a research note to investors on Wednesday, September 5th. They now have a $6.35 price target on the stock. Separately, analysts at Singer Capital Markets reiterated a “buy” rating on shares of Soco International in a research note to investors on Monday, August 20th. They now have a $5.87 price target on the stock.
SOCO International plc is an international oil and gas exploration and production company. The Company has oil and gas interests in Vietnam, which includes Block 9-2 and Block 16-1; Republic of Congo (Brazzaville), which includes Marine XI Block and Marine XIV Block, the Democratic Republic of Congo (Kinshasa), consists of Nganzi block and Block V and Angola, which include Cabinda Onshore North Block.
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