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An announcement from Somero Enterprises Inc ( (GB:SOM) ) is now available.
Somero Enterprises Inc. announced a share buy-back transaction, purchasing 13,233 ordinary shares at a price of 226.70 pence each, as part of its ongoing buy-back program. This transaction reduces the company’s total issued share capital to 54,475,303 shares, all with equal voting rights, potentially impacting shareholder value and market perception positively.
The most recent analyst rating on (GB:SOM) stock is a Buy with a £256.00 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. benefits from a solid financial foundation and attractive valuation metrics, with recent corporate actions like share buy-backs enhancing shareholder value. However, technical indicators suggest caution due to bearish trends, and the company faces challenges in reversing its recent revenue and profitability declines.
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, specializing in the design and manufacturing of concrete leveling equipment. The company focuses on providing advanced machinery that enhances efficiency and precision in concrete placement for commercial construction projects.
Average Trading Volume: 127,011
Technical Sentiment Signal: Sell
Current Market Cap: £123.2M
Find detailed analytics on SOM stock on TipRanks’ Stock Analysis page.