Shares of SOCO International plc (LON:SIA) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the firm. Four research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 145.30 ($1.80).
SIA has been the topic of several research reports. Jefferies Group restated a “buy” rating and issued a GBX 200 ($2.48) target price on shares of SOCO International plc in a research report on Thursday, October 6th. Numis Securities Ltd restated a “hold” rating and issued a GBX 150 ($1.86) target price on shares of SOCO International plc in a research report on Wednesday, August 3rd. Macquarie decreased their target price on SOCO International plc from GBX 154 ($1.91) to GBX 145 ($1.79) and set a “neutral” rating on the stock in a research report on Friday, August 5th. Royal Bank Of Canada raised their target price on SOCO International plc from GBX 140 ($1.73) to GBX 150 ($1.86) and gave the company a “sector performer” rating in a research report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. raised their target price on SOCO International plc from GBX 132 ($1.63) to GBX 138 ($1.71) and gave the company an “underweight” rating in a research report on Thursday, August 4th.
Shares of SOCO International plc (LON:SIA) opened at 139.00 on Friday. The firm has a 50 day moving average price of GBX 141.47 and a 200 day moving average price of GBX 143.25. SOCO International plc has a one year low of GBX 115.00 and a one year high of GBX 200.38. The stock’s market capitalization is GBX 457.59 million.
The firm also recently announced 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 ($0.02) per share. The ex-dividend date is Thursday, September 29th. This represents a yield of 1.41%.
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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