Canaccord Genuity Raises SOCO International plc Price Target to GBX 400 (SIA)
Investment analysts at Canaccord Genuity upped their price target on shares of SOCO International plc (LON:SIA) from GBX 375 ($6.22) to GBX 400 ($6.64) in a note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price objective points to a potential downside of 3.96% from the company’s current price.
A number of other analysts have also recently weighed in on SIA. Analysts at RBC Capital reiterated an “outperform” rating on shares of SOCO International plc in a research note on Thursday, August 28th. They now have a GBX 450 ($7.47) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated a “hold” rating on shares of SOCO International plc in a research note on Thursday, August 28th. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of SOCO International plc in a research note on Wednesday, August 27th. They now have a GBX 491 ($8.15) price target on the stock. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 423.54 ($7.03).
SOCO International plc (LON:SIA) opened at 418.80 on Tuesday. SOCO International plc has a 1-year low of GBX 379.30 and a 1-year high of GBX 477.10. The stock’s 50-day moving average is GBX 426.1 and its 200-day moving average is GBX 423.0. The company’s market cap is £1.375 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Tuesday, September 23rd will be given a dividend of GBX 22 ($0.37) per share. This represents a yield of 5.16%. The ex-dividend date of this dividend 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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