SOCO International (LON:SIA)‘s stock had its “add” rating reiterated by research analysts at Peel Hunt in a research note issued on Monday.
Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upgraded SOCO International to a “neutral” rating and decreased their price objective for the company from GBX 141 ($1.88) to GBX 127 ($1.69) in a research report on Tuesday, June 5th. Jefferies Financial Group upped their price target on SOCO International from GBX 150 ($2.00) to GBX 154 ($2.05) and gave the stock a “buy” rating in a research report on Tuesday, June 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 130 ($1.73).
Shares of SOCO International opened at GBX 95.40 ($1.27) on Monday, according to Marketbeat. SOCO International has a 52-week low of GBX 87.15 ($1.16) and a 52-week high of GBX 150 ($2.00).
In related news, insider Mike J. Watts acquired 8,055 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were bought at an average price of GBX 107 ($1.42) per share, for a total transaction of £8,618.85 ($11,474.97). Also, insider Jann M. Brown acquired 8,635 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were bought at an average price of GBX 100 ($1.33) per share, for a total transaction of £8,635 ($11,496.47).
About SOCO International
SOCO International plc engages in the exploration and production of oil and gas properties. It has interests in oil and gas properties located in Vietnam, the Republic of Congo, and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.
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