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Somero Enterprises Inc ( (GB:SOM) ) just unveiled an announcement.
Somero Enterprises Inc. announced a recent transaction involving the purchase and subsequent cancellation of 14,266 ordinary shares as part of its share buy-back program. This move reduces the company’s issued share capital to 54,453,016 ordinary shares, all with equal voting rights, potentially impacting its market positioning by consolidating ownership and possibly enhancing shareholder value.
The most recent analyst rating on (GB:SOM) stock is a Buy with a £253.00 price target. To see the full list of analyst forecasts on Somero Enterprises Inc stock, see the GB:SOM Stock Forecast page.
Spark’s Take on GB:SOM Stock
According to Spark, TipRanks’ AI Analyst, GB:SOM is a Outperform.
Somero Enterprises Inc. scores well due to its strong financial position and attractive valuation metrics, including a low P/E ratio and high dividend yield. However, recent declines in revenue and cash flow generation, along with neutral technical indicators, moderate the overall score.
To see Spark’s full report on GB:SOM stock, click here.
More about Somero Enterprises Inc
Somero Enterprises Inc. operates in the construction industry, primarily focusing on manufacturing and selling equipment for leveling concrete floors. The company is known for its innovative products that enhance efficiency and precision in concrete flooring projects.
Average Trading Volume: 107,956
Technical Sentiment Signal: Strong Sell
Current Market Cap: £122.6M
Find detailed analytics on SOM stock on TipRanks’ Stock Analysis page.