SOCO International plc (SIA) Given New GBX 145 Price Target at Numis Securities Ltd
SOCO International plc (LON:SIA) had its price target lowered by Numis Securities Ltd from GBX 150 ($1.87) to GBX 145 ($1.81) in a research note published on Wednesday morning. The brokerage currently has a hold rating on the stock.
A number of other brokerages also recently weighed in on SIA. Jefferies Group reissued a buy rating and issued a GBX 200 ($2.50) price target on shares of SOCO International plc in a report on Thursday, October 6th. Royal Bank Of Canada boosted their price target on shares of SOCO International plc from GBX 140 ($1.75) to GBX 150 ($1.87) and gave the stock a sector performer rating in a report on Wednesday, August 17th. Macquarie cut their price target on shares of SOCO International plc from GBX 154 ($1.92) to GBX 145 ($1.81) and set a neutral rating on the stock in a report on Friday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of SOCO International plc from GBX 132 ($1.65) to GBX 138 ($1.72) and gave the stock an underweight rating in a report on Thursday, August 4th. Finally, Barclays PLC reissued an underweight rating and issued a GBX 140 ($1.75) price target on shares of SOCO International plc in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 144.80 ($1.81).
Shares of SOCO International plc (LON:SIA) traded up 0.56% during trading on Wednesday, hitting GBX 133.50. 242,592 shares of the stock traded hands. The stock’s market cap is GBX 443.16 billion. SOCO International plc has a 1-year low of GBX 115.00 and a 1-year high of GBX 179.75. The stock has a 50 day moving average price of GBX 137.66 and a 200-day moving average price of GBX 140.26.
The firm also recently declared a dividend, which was paid on Friday, October 21st. Shareholders of record on Thursday, September 29th were given a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.41%. The ex-dividend date was 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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