Jefferies Group restated their buy rating on shares of SOCO International plc (LON:SIA) in a research note released on Thursday. Jefferies Group currently has a GBX 200 ($2.61) target price on the stock.
Several other equities research analysts have also commented on the company. Royal Bank Of Canada boosted their price objective on SOCO International plc from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the stock a sector performer rating in a research note on Wednesday, August 17th. Macquarie dropped their price target on SOCO International plc from GBX 154 ($2.01) to GBX 145 ($1.89) and set a neutral rating for the company in a research report on Friday, August 5th. JPMorgan Chase & Co. upped their price target on SOCO International plc from GBX 132 ($1.72) to GBX 138 ($1.80) and gave the company an underweight rating in a research report on Thursday, August 4th. Barclays PLC restated an underweight rating and issued a GBX 140 ($1.83) price target on shares of SOCO International plc in a research report on Thursday, August 4th. Finally, Numis Securities Ltd restated a hold rating and issued a GBX 150 ($1.96) price target on shares of SOCO International plc in a research report on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 145.30 ($1.90).
Shares of SOCO International plc (LON:SIA) traded up 3.72% during midday trading on Thursday, hitting GBX 146.25. The company had a trading volume of 415,354 shares. The company has a 50-day moving average of GBX 143.23 and a 200-day moving average of GBX 143.74. The company’s market capitalization is GBX 481.46 million. SOCO International plc has a 12 month low of GBX 115.00 and a 12 month high of GBX 200.38.
The company also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 29th will be paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.41%. The ex-dividend date is Thursday, September 29th.
About SOCO International plc
SOCO International plc (SOCO) is an oil and gas exploration and production company. The Company’s segments include South East Asia and Africa. It has field development and production interests in Vietnam, and exploration and appraisal interests in the Republic of Congo (Brazzaville) and Angola. In Vietnam, SOCO’s Block 16-1 and Block 9-2 include the Te Giac Trang and Ca Ngu Vang Fields, which are located in shallow water in the Cuu Long Basin, near the Bach Ho Field.
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