SOCO International plc (SIA) Stock Rating Reaffirmed by Jefferies Group LLC
SOCO International plc (LON:SIA)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a GBX 150 ($1.99) target price on the stock. Jefferies Group LLC’s price objective would indicate a potential upside of 25.79% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 145 ($1.92) price objective on shares of SOCO International plc in a research report on Monday. Barclays PLC reaffirmed an “underweight” rating on shares of SOCO International plc in a research report on Thursday, September 28th. Finally, Macquarie reaffirmed an “underperform” rating and issued a GBX 99 ($1.31) price objective on shares of SOCO International plc in a research report on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. SOCO International plc presently has a consensus rating of “Hold” and an average price target of GBX 138.57 ($1.84).
SOCO International plc (LON:SIA) opened at 119.00 on Wednesday. SOCO International plc has a 52 week low of GBX 111.25 and a 52 week high of GBX 162.00. The firm’s market cap is GBX 392.46 million. The stock has a 50 day moving average price of GBX 118.35 and a 200 day moving average price of GBX 127.17.
In other news, insider Rui C. De Sousa purchased 550,000 shares of the stock in a transaction on Thursday, September 28th. The stock was purchased at an average price of GBX 118 ($1.57) per share, with a total value of £649,000 ($860,856.88).
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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