SOCO International plc (SIA) Rating Reiterated by Jefferies Group
SOCO International plc (LON:SIA)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a research note issued on Thursday. They currently have a GBX 200 ($2.61) price objective on the stock. Jefferies Group’s target price would suggest a potential upside of 40.11% from the company’s previous close.
SIA has been the topic of a number of other reports. Royal Bank Of Canada lifted their price target on SOCO International plc from GBX 140 ($1.83) to GBX 150 ($1.96) and gave the stock a “sector performer” rating in a report on Wednesday, August 17th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 150 ($1.96) price target on shares of SOCO International plc in a report on Wednesday, August 3rd. Macquarie dropped their price target on SOCO International plc from GBX 154 ($2.01) to GBX 145 ($1.89) and set a “neutral” rating on the stock in a report on Friday, August 5th. JPMorgan Chase & Co. boosted their target price on SOCO International plc from GBX 132 ($1.72) to GBX 138 ($1.80) and gave the company an “underweight” rating in a research note on Thursday, August 4th. Finally, Barclays PLC restated an “underweight” rating and issued a GBX 140 ($1.83) target price on shares of SOCO International plc in a research note on Thursday, August 4th. Four 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 has a consensus rating of “Hold” and an average price target of GBX 145.30 ($1.90).
Shares of SOCO International plc (LON:SIA) opened at 142.75 on Thursday. The company has a 50-day moving average price of GBX 143.72 and a 200 day moving average price of GBX 143.76. SOCO International plc has a 1-year low of GBX 115.00 and a 1-year high of GBX 200.38. The firm’s market capitalization is GBX 469.93 million.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 29th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a dividend yield of 1.41%.
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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