SOCO International plc (SIA) Given New GBX 160 Price Target at Peel Hunt

SOCO International plc (LON:SIA) had its price objective decreased by Peel Hunt from GBX 180 ($2.22) to GBX 160 ($1.98) in a research note published on Friday morning. Peel Hunt currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on SIA. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 195 ($2.41) price target on shares of SOCO International plc in a research note on Monday, January 9th. Barclays PLC raised SOCO International plc to an equal weight rating and set a GBX 155 ($1.91) price target on the stock in a research note on Friday. Numis Securities Ltd reaffirmed a hold rating on shares of SOCO International plc in a research note on Thursday, December 1st. Finally, Macquarie reduced their price target on SOCO International plc from GBX 158 ($1.95) to GBX 148 ($1.83) and set a neutral rating on the stock in a research note on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. SOCO International plc presently has a consensus rating of Hold and an average price target of GBX 156.29 ($1.93).

Analyst Recommendations for SOCO International plc (LON:SIA)

Shares of SOCO International plc (LON:SIA) traded down 0.19% during trading on Friday, reaching GBX 131.75. The company’s stock had a trading volume of 259,648 shares. The stock’s 50 day moving average is GBX 138.08 and its 200 day moving average is GBX 142.72. SOCO International plc has a one year low of GBX 115.00 and a one year high of GBX 168.26. The firm’s market cap is GBX 434.25 million.

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The company also recently announced a dividend, which will be paid on Friday, June 16th. Shareholders of record on Thursday, May 25th will be issued a GBX 5 ($0.06) dividend. This is an increase from SOCO International plc’s previous dividend of $2.00. The ex-dividend date is Thursday, May 25th. This represents a yield of 3.78%.

SOCO International plc Company Profile

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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