FinnCap Boosts Somero Enterprises, Inc. (SOM) Price Target to GBX 325

Somero Enterprises, Inc. (LON:SOM) had its price target increased by FinnCap from GBX 254 ($3.14) to GBX 325 ($4.01) in a research note published on Wednesday. The brokerage currently has a corporate rating on the stock.

Separately, Canaccord Genuity reaffirmed a buy rating and set a GBX 250 ($3.09) price target on shares of Somero Enterprises in a report on Tuesday, January 10th.

Shares of Somero Enterprises (LON:SOM) opened at 285.00 on Wednesday. The stock has a 50 day moving average of GBX 260.28 and a 200-day moving average of GBX 218.01. The stock’s market cap is GBX 160.18 million. Somero Enterprises has a 52 week low of GBX 140.00 and a 52 week high of GBX 287.00.

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The company also recently declared a dividend, which will be paid on Monday, April 17th. Shareholders of record on Thursday, March 30th will be issued a dividend of GBX 0.09 ($0.00) per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a yield of 2.49%. This is an increase from Somero Enterprises’s previous dividend of $0.03.

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.

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