SOCO International plc (SIA) Stock Rating Reaffirmed by Peel Hunt

SOCO International plc (LON:SIA)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a research report issued on Thursday. They presently have a GBX 145 ($1.91) price objective on the stock. Peel Hunt’s target price would suggest a potential upside of 28.04% from the stock’s previous close.

Other analysts have also issued reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 150 ($1.97) price target on shares of SOCO International plc in a research report on Wednesday, October 4th. Macquarie reaffirmed an “underperform” rating and set a GBX 99 ($1.30) price target on shares of SOCO International plc in a research report on Tuesday, September 12th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 141 ($1.85) price objective on shares of SOCO International plc in a report on Tuesday, October 31st. Finally, Barclays PLC reiterated an “underweight” rating on shares of SOCO International plc in a report on Thursday, September 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 138.57 ($1.82).

Shares of SOCO International plc (LON SIA) opened at GBX 113.25 ($1.49) on Thursday. SOCO International plc has a 1 year low of GBX 105.25 ($1.38) and a 1 year high of GBX 162 ($2.13).

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In related news, insider Rui C. De Sousa acquired 550,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of GBX 118 ($1.55) per share, for a total transaction of £649,000 ($853,610.42).

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.

Analyst Recommendations for SOCO International plc (LON:SIA)

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