Will New Ratings Coverage by RBC Capital Markets Help Sound Energy PLC (LON:SOU) Stock This Week?

September 8, 2018 - By Catherine Diaz

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Why Has RBC Capital Markets Given Sound Energy PLC (LON:SOU) a GBX 60.00 Price Target

In an analyst report shared with investors on Thursday, 6 September, RBC Capital Markets analyst has today started coverage for Sound Energy PLC (LON:SOU) shares with a “Buy” rating. The PT is GBX 60.00.

The stock increased 2.25% or GBX 0.88 during the last trading session, reaching GBX 40. About 1.58M shares traded or 27.12% up from the average. Sound Energy plc (LON:SOU) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Sound Energy plc, through its subsidiaries, engages in the exploration, appraisal, and development of gas and oil assets. The company has market cap of 420.32 million GBP. The firm holds 47.5% interest in the Tendrara license covering an area of 9,336 square kilometers; Anoual license, which covers an area of 8,873 square kilometers; and Matarka license that covers an area of 5,223 square kilometers located in Eastern Morocco. It currently has negative earnings. It also holds 75% interest in the Sidi Moktar license covering an area of 4,499 square kilometers located in Southern Morocco.

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