Jefferies Group reissued their buy rating on shares of SOCO International plc (LON:SIA) in a research note released on Thursday morning. The firm currently has a GBX 200 ($2.48) price objective on the stock.
SIA has been the subject of several other reports. Royal Bank Of Canada upped 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 report on Wednesday, August 17th. Numis Securities Ltd reissued a hold rating and issued a GBX 150 ($1.86) price objective on shares of SOCO International plc in a research note on Wednesday, August 3rd. Macquarie reduced their price objective on SOCO International plc from GBX 154 ($1.91) to GBX 145 ($1.79) and set a neutral rating for the company in a research note on Friday, August 5th. JPMorgan Chase & Co. increased their price objective on SOCO International plc from GBX 132 ($1.63) to GBX 138 ($1.71) and gave the stock an underweight rating in a research note on Thursday, August 4th. Finally, Barclays PLC reissued an underweight rating and issued a GBX 140 ($1.73) price objective on shares of SOCO International plc in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 145.30 ($1.80).
Shares of SOCO International plc (LON:SIA) opened at 148.50 on Thursday. The firm’s market capitalization is GBX 488.86 million. SOCO International plc has a 52-week low of GBX 115.00 and a 52-week high of GBX 200.38. The stock has a 50 day moving average of GBX 142.47 and a 200 day moving average of GBX 143.30.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.02) per share. This represents a dividend 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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