The stock of Somero Enterprises, Inc. (LON:SOM) hit a new 52-week high and has GBX 420.00 target or 110.00% above today’s GBX 200.00 share price. The 8 months bullish chart indicates low risk for the GBX 115.21M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 420.00 price target is reached, the company will be worth GBX 126.73 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.56% or GBX 5 on November 15, hitting GBX 200. About 374,096 shares traded hands or 102.80% up from the average. Somero Enterprises, Inc. (LON:SOM) has risen 20.00% since April 18, 2016 and is uptrending. It has outperformed by 16.07% 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. FinnCap maintained Somero Enterprises, Inc. (LON:SOM) rating on Tuesday, September 6. FinnCap has “Corporate” rating and GBX 205 price target. The firm has “Buy” rating given on Monday, October 5 by Canaccord Genuity. FinnCap maintained the shares of SOM in a report on Tuesday, July 12 with “Corporate” rating. Canaccord Genuity maintained the shares of SOM in a report on Monday, June 6 with “Buy” rating. FinnCap maintained the stock with “Corporate” rating in Monday, June 6 report. FinnCap maintained it with “Corporate” rating and GBX 185 target price in Tuesday, March 1 report. Canaccord Genuity maintained Somero Enterprises, Inc. (LON:SOM) rating on Tuesday, September 20. Canaccord Genuity has “Buy” rating and GBX 200 price target. On Monday, July 18 the stock rating was maintained by FinnCap with “Corporate”. The rating was maintained by FinnCap with “Corporate” on Wednesday, February 10. FinnCap maintained the shares of SOM in a report on Friday, January 22 with “Corporate” rating.
Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The company has a market cap of 115.21 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 11.21 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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