SOCO International plc (SIA) Earns Buy Rating from Peel Hunt
Other equities research analysts have also issued research reports about the company. Barclays PLC lowered SOCO International plc to an underweight rating and reduced their target price for the company from GBX 140 ($1.81) to GBX 130 ($1.68) in a research note on Thursday, June 22nd. Macquarie reaffirmed an underperform rating and issued a GBX 99 ($1.28) target price on shares of SOCO International plc in a research note on Tuesday. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 150 ($1.94) target price on shares of SOCO International plc in a research note on Tuesday, August 29th. Finally, J P Morgan Chase & Co upped their target price on SOCO International plc from GBX 138 ($1.78) to GBX 141 ($1.82) and gave the company an underweight rating in a research note on Wednesday, May 17th. Three 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 company. The company currently has a consensus rating of Hold and a consensus price target of GBX 138.57 ($1.79).
Shares of SOCO International plc (LON SIA) opened at 111.75 on Wednesday. SOCO International plc has a 12-month low of GBX 111.25 and a 12-month high of GBX 162.00. The firm’s market cap is GBX 368.39 million. The company has a 50 day moving average price of GBX 119.59 and a 200 day moving average price of GBX 128.80.
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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.
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