What Next for Sound Energy PLC Stock After Today’s Huge Increase?

 What Next for Sound Energy PLC Stock After Today's Huge Increase?

The stock of Sound Energy PLC (LON:SOU) is a huge mover today! The stock increased 1.36% or GBX 1.13 on November 16, hitting GBX 83.63. About 2.91 million shares traded hands. Sound Energy PLC (LON:SOU) has risen 420.93% since April 19, 2016 and is uptrending. It has outperformed by 416.24% the S&P500.
The move comes after 5 months positive chart setup for the GBX 503.86M company. It was reported on Nov, 16 by Barchart.com. We have GBX 128.79 PT which if reached, will make LON:SOU worth GBX 272.08 million more.

Sound Energy PLC (LON:SOU) Ratings Coverage

Out of 2 analysts covering Sound Oil PLC (LON:SOU), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sound Oil PLC has been the topic of 63 analyst reports since September 7, 2015 according to StockzIntelligence Inc. As per Monday, June 20, the company rating was maintained by FinnCap. The rating was maintained by FinnCap with “Buy” on Friday, October 7. The company was maintained on Thursday, March 10 by FinnCap. The firm has “Buy” rating by Cantor Fitzgerald given on Monday, February 8. The firm has “Buy” rating given on Friday, August 26 by FinnCap. FinnCap maintained Sound Energy PLC (LON:SOU) on Wednesday, August 10 with “Buy” rating. The company was maintained on Monday, November 30 by Cantor Fitzgerald. The stock of Sound Energy PLC (LON:SOU) earned “Buy” rating by FinnCap on Monday, August 8. The stock has “Buy” rating given by Cantor Fitzgerald on Monday, July 11. Cantor Fitzgerald maintained it with “Buy” rating and GBX 31 target price in Wednesday, December 16 report.

Sound Energy plc is a Mediterranean upstream company. The company has a market cap of 503.86 million GBP. The principal activity of the Company and its subsidiaries is the exploration, appraisal and development to production as an operator in the gas and oil industry. It currently has negative earnings. The Company’s principal activity is in Italy and Morocco.

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