SOCO International plc (SIA) Given Consensus Recommendation of “Hold” by Brokerages

SOCO International plc (LON:SIA) has been given a consensus recommendation of “Hold” by the ten ratings firms that are currently covering the firm. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 145.30 ($1.77).

A number of equities research analysts have commented on the company. Numis Securities Ltd cut SOCO International plc to a “hold” rating and increased their price target for the company from GBX 145 ($1.77) to GBX 150 ($1.83) in a research note on Monday, July 25th. Royal Bank Of Canada increased their price target on SOCO International plc from GBX 140 ($1.71) to GBX 150 ($1.83) and gave the company a “sector performer” rating in a research note on Wednesday, August 17th. Macquarie decreased their price target on SOCO International plc from GBX 154 ($1.88) to GBX 145 ($1.77) and set a “neutral” rating for the company in a research note on Friday, August 5th. JPMorgan Chase & Co. increased their price target on SOCO International plc from GBX 132 ($1.61) to GBX 138 ($1.68) and gave the company an “underweight” rating in a research note on Thursday, August 4th. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 140 ($1.71) price target on shares of SOCO International plc in a research note on Thursday, August 4th.

Shares of SOCO International plc (LON:SIA) opened at 140.75 on Friday. SOCO International plc has a 1-year low of GBX 115.00 and a 1-year high of GBX 200.38. The company’s market capitalization is GBX 463.35 million. The firm’s 50 day moving average price is GBX 140.88 and its 200-day moving average price is GBX 142.77.

The business also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 29th will be issued a dividend of GBX 2 ($0.02) 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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