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Somero Enterprises Inc ( (GB:SOM) ) has issued an announcement.
Somero Enterprises Inc. announced the purchase and cancellation of 9,793 ordinary shares as part of its share buy-back program. This transaction reduces the company’s total issued share capital to 54,438,224 shares, maintaining equal voting rights across all shares, which could strengthen shareholder value and optimize capital structure.
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, specializing in manufacturing laser-guided concrete screeding equipment. The company focuses on providing innovative solutions for the commercial concrete flooring market.
Average Trading Volume: 159,036
Technical Sentiment Signal: Sell
Current Market Cap: £122.5M
Learn more about SOM stock on TipRanks’ Stock Analysis page.