SOCO International plc (LON:SIA)‘s stock had its “underweight” rating restated by stock analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday. They currently have a GBX 141 ($1.86) price objective on the stock. J P Morgan Chase & Co’s price objective suggests a potential upside of 21.29% from the stock’s previous close.

SIA has been the subject of several other reports. Barclays PLC reaffirmed an “underweight” rating on shares of SOCO International plc in a report on Thursday, September 28th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 150 ($1.98) price objective on shares of SOCO International plc in a report on Tuesday, August 29th. Peel Hunt reissued a “buy” rating and issued a GBX 145 ($1.91) price objective on shares of SOCO International plc in a report on Monday. Finally, Macquarie reissued an “underperform” rating and issued a GBX 99 ($1.31) price objective on shares of SOCO International plc in a report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 138.57 ($1.83).

Shares of SOCO International plc (LON SIA) opened at 115.89 on Tuesday. SOCO International plc has a 12-month low of GBX 105.25 and a 12-month high of GBX 162.00. The firm’s market capitalization is GBX 382.20 million. The stock has a 50 day moving average price of GBX 116.65 and a 200 day moving average price of GBX 124.44.

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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 ($1.56) per share, with a total value of £649,000 ($856,426.50).

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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