Brokerages Set SOCO International plc (SIA) Price Target at $144.80
SOCO International plc (LON:SIA) has received an average rating of “Hold” from the ten ratings firms that are presently covering the stock. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 144.80 ($1.81).
Several equities analysts have commented on the stock. Numis Securities Ltd dropped their target price on shares of SOCO International plc from GBX 150 ($1.87) to GBX 145 ($1.81) and set a “hold” rating on the stock in a research report on Wednesday, November 16th. Jefferies Group reissued a “buy” rating and set a GBX 200 ($2.50) target price on shares of SOCO International plc in a research report on Thursday, October 6th. Royal Bank Of Canada lifted their target price on shares of SOCO International plc from GBX 140 ($1.75) to GBX 150 ($1.87) and gave the stock a “sector performer” rating in a research report on Wednesday, August 17th. Macquarie dropped their target price on shares of SOCO International plc from GBX 154 ($1.92) to GBX 145 ($1.81) and set a “neutral” rating on the stock in a research report on Friday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of SOCO International plc from GBX 132 ($1.65) to GBX 138 ($1.72) and gave the stock an “underweight” rating in a research report on Thursday, August 4th.
Shares of SOCO International plc (LON:SIA) opened at 137.75 on Friday. The firm’s market cap is GBX 453.47 million. The company’s 50-day moving average price is GBX 137.93 and its 200-day moving average price is GBX 140.09. SOCO International plc has a 12 month low of GBX 115.00 and a 12 month high of GBX 179.75.
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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