Canaccord Genuity Reiterates “Buy” Rating for Somero Enterprises, Inc. (SOM)
Somero Enterprises, Inc. (LON:SOM)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a report released on Tuesday. They currently have a GBX 200 ($2.61) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 8.11% from the company’s current price.
Separately, FinnCap reissued a “corporate” rating on shares of Somero Enterprises in a research report on Tuesday, July 12th.
Somero Enterprises (LON:SOM) opened at 184.19 on Tuesday. The company’s market cap is GBX 103.52 million. The company has a 50-day moving average of GBX 166.00 and a 200 day moving average of GBX 158.27. Somero Enterprises has a one year low of GBX 115.60 and a one year high of GBX 190.00.
The business also recently declared a dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Thursday, September 29th will be issued a GBX 0.03 ($0.00) dividend. The ex-dividend date is Thursday, September 29th. This represents a dividend yield of 1.04%.
About Somero Enterprises
Somero Enterprises, Inc is a manufacturer of laser-guided equipment. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company’s products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape.
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