Peel Hunt reaffirmed their buy rating on shares of SOCO International (LON:SIA) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.
A number of other research firms have also recently issued reports on SIA. JPMorgan Chase & Co. cut their price target on SOCO International from GBX 97 ($1.27) to GBX 89 ($1.16) and set a neutral rating on the stock in a report on Monday, June 17th. Numis Securities reiterated a hold rating on shares of SOCO International in a report on Thursday, May 16th. Finally, Jefferies Financial Group reiterated a hold rating on shares of SOCO International in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 104.50 ($1.37).
SOCO International stock opened at GBX 62.40 ($0.82) on Wednesday. The company has a market cap of $248.05 million and a PE ratio of 7.70. SOCO International has a 52-week low of GBX 61.20 ($0.80) and a 52-week high of GBX 100 ($1.31). The stock’s 50 day simple moving average is GBX 65.96. The company has a debt-to-equity ratio of 19.09, a current ratio of 9.41 and a quick ratio of 9.22.
About SOCO International
SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has exploration, development, and production interests in Vietnam; and exploration and appraisal interests in Congo (Brazzaville) and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.
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