SOCO International plc (LON:SIA)‘s stock had its “outperform” rating restated by analysts at RBC Capital in a research report issued to clients and investors on Friday. They currently have a GBX 430 ($6.99) target price on the stock. RBC Capital’s price objective would suggest a potential upside of 17.71% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC reiterated an “underweight” rating on shares of SOCO International plc in a research note on Wednesday. They now have a GBX 305 ($4.95) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SOCO International plc in a research note on Tuesday, September 9th. They now have a GBX 491 ($7.98) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SOCO International plc in a research note on Tuesday, September 9th. They now have a GBX 437 ($7.10) price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 423.07 ($6.87).
SOCO International plc (LON:SIA) opened at 366.10 on Friday. SOCO International plc has a 52-week low of GBX 361.68 and a 52-week high of GBX 454.936. The stock’s 50-day moving average is GBX 412.9 and its 200-day moving average is GBX 417.4. The company’s market cap is £1.202 billion.
The company also recently announced a dividend, which is scheduled for Friday, October 10th. Stockholders of record on Tuesday, September 23rd will be paid a dividend of GBX 22 ($0.36) per share. This represents a dividend yield of 5.16%. The ex-dividend date is Tuesday, September 23rd.
SOCO International plc is an international oil and gas exploration and production company. The Company has oil and gas interests in Vietnam, which includes Block 9-2 and Block 16-1; Republic of Congo (LON:SIA), which includes Marine XI Block and Marine XIV Block, the Democratic Republic of Congo (Kinshasa), consists of Nganzi block and Block V and Angola, which include Cabinda Onshore North Block.
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