SOCO International plc’s (SIA) “Buy” Rating Reiterated at Peel Hunt
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 report on Thursday, September 28th. Jefferies Group LLC raised shares of SOCO International plc to a buy rating and reduced their target price for the company from GBX 165 ($2.18) to GBX 150 ($1.98) in a report on Monday, July 24th. Finally, Macquarie reaffirmed an underperform rating and issued a GBX 99 ($1.31) target price 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 issued a hold rating and two have issued a buy rating to the company. SOCO International plc has an average rating of Hold and a consensus target price of GBX 138.57 ($1.83).
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In other SOCO International plc news, insider Rui C. De Sousa bought 550,000 shares of SOCO International plc stock in a transaction dated 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).
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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