The stock of Somero Enterprises, Inc. (LON:SOM) reached all time high today, Nov, 11 and still has GBX 542.85 target or 182.00% above today’s GBX 192.50 share price. This indicates more upside for the GBX 112.40 million company. This technical setup was reported by Barchart.com. If the GBX 542.85 PT is reached, the company will be worth GBX 204.57 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 4.62% or GBX 8.5 on November 11, hitting GBX 192.5. About 133,167 shares traded hands. Somero Enterprises, Inc. (LON:SOM) has risen 18.83% since April 15, 2016 and is uptrending. It has outperformed by 12.68% the S&P500.
Somero Enterprises, Inc. (LON:SOM) Ratings Coverage
Out of 2 analysts covering Somero Enterprises Inc (LON:SOM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Somero Enterprises Inc has been the topic of 12 analyst reports since October 5, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained it with “Buy” rating and GBX 200 target price in Tuesday, September 20 report. The rating was maintained by FinnCap on Monday, June 6 with “Corporate”. The firm earned “Corporate” rating on Tuesday, March 1 by FinnCap. As per Monday, June 6, the company rating was maintained by Canaccord Genuity. FinnCap maintained Somero Enterprises, Inc. (LON:SOM) rating on Tuesday, September 6. FinnCap has “Corporate” rating and GBX 205 price target. The firm has “Corporate” rating by FinnCap given on Tuesday, July 12. FinnCap maintained the shares of SOM in a report on Wednesday, February 10 with “Corporate” rating. The firm has “Corporate” rating by FinnCap given on Friday, January 22. FinnCap maintained the stock with “Corporate” rating in Monday, July 18 report. Canaccord Genuity maintained Somero Enterprises, Inc. (LON:SOM) rating on Tuesday, March 1. Canaccord Genuity has “Buy” rating and GBX 190 price target.
Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The company has a market cap of 112.40 million GBP. 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. It has a 10.85 P/E ratio. 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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