FinnCap Boosts Somero Enterprises, Inc. (SOM) Price Target to GBX 325
Somero Enterprises, Inc. (LON:SOM) had its target price upped by FinnCap from GBX 254 ($3.14) to GBX 325 ($4.01) in a report published on Wednesday morning. They currently have a corporate rating on the stock.
Separately, Canaccord Genuity reaffirmed a buy rating and issued a GBX 250 ($3.09) price objective on shares of Somero Enterprises in a research note on Tuesday, January 10th.
Shares of Somero Enterprises (LON:SOM) opened at 285.00 on Wednesday. Somero Enterprises has a 1-year low of GBX 140.00 and a 1-year high of GBX 287.00. The firm has a 50-day moving average of GBX 260.28 and a 200 day moving average of GBX 218.01. The company’s market capitalization is GBX 160.18 million.
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The firm also recently disclosed a dividend, which will be paid on Monday, April 17th. Stockholders of record on Thursday, March 30th will be paid a GBX 0.09 ($0.00) dividend. This is a boost from Somero Enterprises’s previous dividend of $0.03. The ex-dividend date is Thursday, March 30th. This represents a dividend yield of 2.49%.
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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