SOCO International (SIA) Stock Rating Reaffirmed by Peel Hunt

SOCO International (LON:SIA)‘s stock had its “buy” rating reaffirmed by analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 145 ($1.97) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 15.81% from the company’s current price.

A number of other analysts have also weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a GBX 150 ($2.03) price target on shares of SOCO International in a report on Wednesday, December 20th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 141 ($1.91) price target on shares of SOCO International in a report on Tuesday, October 31st. Barclays reissued an “underweight” rating on shares of SOCO International in a report on Thursday, September 14th. Finally, Macquarie reissued an “underperform” rating and issued a GBX 99 ($1.34) price target on shares of SOCO International in a report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 138.57 ($1.88).

Shares of SOCO International (SIA) opened at GBX 125.20 ($1.70) on Monday. The firm has a market cap of $416.44 and a P/E ratio of -4,173.33. SOCO International has a fifty-two week low of GBX 97.75 ($1.33) and a fifty-two week high of GBX 161.25 ($2.19).

In other SOCO International news, insider Jann M. Brown bought 8,070 shares of the stock in a transaction on Thursday, December 21st. The stock was purchased at an average price of GBX 107 ($1.45) per share, with a total value of £8,634.90 ($11,709.93). Also, insider Jann M. Brown bought 7,625 shares of the stock in a transaction on Monday, November 27th. The shares were acquired at an average cost of GBX 113 ($1.53) per share, with a total value of £8,616.25 ($11,684.64).

TRADEMARK VIOLATION WARNING: This piece was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://sportsperspectives.com/2018/01/10/soco-international-sia-stock-rating-reaffirmed-by-peel-hunt.html.

About SOCO International

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 (LON:SIA)

Receive News & Ratings for SOCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply