Peel Hunt Reaffirms “Buy” Rating for SOCO International (LON:SIA)

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.

In other news, insider Jann M. Brown bought 12,699 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were bought at an average cost of GBX 68 ($0.89) per share, for a total transaction of £8,635.32 ($11,283.58).

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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Analyst Recommendations for SOCO International (LON:SIA)

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