Canaccord Genuity Reiterates Buy Rating for Somero Enterprises, Inc. (SOM)
Somero Enterprises, Inc. (LON:SOM)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research note issued on Tuesday. They currently have a GBX 250 ($3.04) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 5.26% from the company’s previous close.
Separately, FinnCap lifted their price objective on Somero Enterprises from GBX 205 ($2.49) to GBX 254 ($3.09) and gave the company a “corporate” rating in a report on Tuesday.
Shares of Somero Enterprises (LON:SOM) opened at 238.25 on Tuesday. Somero Enterprises has a 52-week low of GBX 128.00 and a 52-week high of GBX 238.50. The company has a 50-day moving average price of GBX 222.68 and a 200 day moving average price of GBX 183.23. The firm’s market capitalization is GBX 133.90 million.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was stolen and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece can be viewed at http://www.watchlistnews.com/canaccord-genuity-reiterates-buy-rating-for-somero-enterprises-inc-som/1057781.html.
Somero Enterprises Company Profile
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.
Receive News & Ratings for Somero Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Somero Enterprises Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.