Peel Hunt reiterated their buy rating on shares of SOCO International plc (LON:SIA) in a research report sent to investors on Monday morning. They currently have a GBX 145 ($1.91) price objective on the stock.
Several other equities analysts have also commented on SIA. Macquarie restated an underperform rating and set a GBX 99 ($1.31) price target on shares of SOCO International plc in a research report on Tuesday, September 12th. Barclays PLC restated an underweight rating on shares of SOCO International plc in a research report on Thursday, September 28th. Finally, Jefferies Group LLC restated a buy rating and set a GBX 150 ($1.98) price target on shares of SOCO International plc in a research report on Tuesday, September 19th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 138.57 ($1.83).
In other news, insider Rui C. De Sousa purchased 550,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was acquired at an average price of GBX 118 ($1.56) per share, for a total transaction of £649,000 ($856,426.50).
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.
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