Canaccord Genuity Reiterates “Buy” Rating for Somero Enterprises, Inc. (SOM)
Somero Enterprises, Inc. (LON:SOM)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a report issued on Tuesday. They currently have a GBX 200 ($2.61) target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 6.10% from the company’s current price.
Separately, FinnCap restated a “corporate” rating and issued a GBX 205 ($2.68) price objective on shares of Somero Enterprises in a research report on Tuesday, September 6th.
Shares of Somero Enterprises (LON:SOM) traded up 1.89% during trading on Tuesday, hitting GBX 188.50. The stock had a trading volume of 103,154 shares. Somero Enterprises has a one year low of GBX 115.60 and a one year high of GBX 190.00. The stock’s 50-day moving average price is GBX 165.53 and its 200-day moving average price is GBX 158.04. The company’s market cap is GBX 105.94 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/canaccord-genuity-reiterates-buy-rating-for-somero-enterprises-inc-som.html
The business also recently disclosed a dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Thursday, September 29th will be given 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.
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 MarketBeat.com's FREE daily email newsletter.