SOCO International plc’s (SIA) Underperform Rating Reaffirmed at Macquarie

Macquarie restated their underperform rating on shares of SOCO International plc (LON:SIA) in a report issued on Tuesday. The brokerage currently has a GBX 99 ($1.28) price target on the stock.

SIA has been the subject of a number of other reports. Jefferies Group LLC raised SOCO International plc to a buy rating and decreased their target price for the company from GBX 165 ($2.13) to GBX 150 ($1.94) in a research report on Monday, July 24th. Peel Hunt reissued a buy rating and issued a GBX 160 ($2.07) price target on shares of SOCO International plc in a research report on Friday, June 9th. J P Morgan Chase & Co boosted their price target on SOCO International plc from GBX 138 ($1.78) to GBX 141 ($1.82) and gave the stock an underweight rating in a research report on Wednesday, May 17th. Finally, Barclays PLC lowered SOCO International plc to an underweight rating and reduced their price target for the stock from GBX 140 ($1.81) to GBX 130 ($1.68) in a research report on Thursday, June 22nd. Three investment 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’s stock. The company presently has a consensus rating of Hold and an average price target of GBX 138.57 ($1.79).

Shares of SOCO International plc (LON:SIA) opened at 118.00 on Tuesday. SOCO International plc has a 52 week low of GBX 111.25 and a 52 week high of GBX 162.00. The company has a 50-day moving average price of GBX 120.00 and a 200 day moving average price of GBX 129.07. The stock’s market capitalization is GBX 388.99 million.

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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.

Analyst Recommendations for SOCO International plc (LON:SIA)

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