SOCO International plc’s (SIA) “Buy” Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of SOCO International plc (LON:SIA) in a research report report published on Wednesday morning. Jefferies Group LLC currently has a GBX 150 ($1.99) price target on the stock.
SIA has been the subject of a number of other reports. Barclays PLC reaffirmed an underweight rating on shares of SOCO International plc in a research note on Thursday, September 28th. Macquarie reaffirmed an underperform rating and issued a GBX 99 ($1.31) price target on shares of SOCO International plc in a research note on Tuesday, September 12th. Finally, Peel Hunt reaffirmed a buy rating and issued a GBX 145 ($1.92) price target on shares of SOCO International plc in a research note on Monday. 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’s stock. The stock has a consensus rating of Hold and an average price target of GBX 138.57 ($1.84).
Shares of SOCO International plc (LON SIA) traded down 3.05% on Wednesday, hitting GBX 119.25. 117,769 shares of the company’s stock traded hands. SOCO International plc has a 1-year low of GBX 111.25 and a 1-year high of GBX 162.00. The company’s market cap is GBX 393.29 million. The firm’s 50-day moving average price is GBX 118.35 and its 200 day moving average price is GBX 127.17.
In other SOCO International plc news, insider Rui C. De Sousa acquired 550,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average cost of GBX 118 ($1.57) per share, for a total transaction 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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