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Somero Enterprises, Inc. 14.5% Potential Upside Indicated by Canaccord Genuity

Somero Enterprises, Inc. using EPIC code LON:SOM has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Canaccord Genuity. Somero Enterprises, Inc. are listed in the Industrials sector within AIM. Canaccord Genuity have set their target price at 174 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 14.5% from today’s opening price of 152 GBX. Somero Enterprises, Inc. LON:SOM has a 1 year high stock price of 158 GBX while the 52 week low for the share price is 105 GBX.



Somero Enterprises, Inc. LON:SOM designs, manufactures and sells equipment that automates the process of spreading and leveling concrete for flooring and other horizontal surfaces, such as paved parking lots and provides support services for the same to its customers across the world. The Company’s products, includes the large SXP-D, CopperHead, Mini Screed C, S-840 Laser Screed, the new S-15M Laser Screed and the new STS-11m Spreader machines that employ laser-guided technology to achieve a high level of precision. The Company sells its products primarily to concrete contractors for use in non-residential construction projects. Laser Screed equipment has been specified for use in constructing warehouses, assembly plants, retail centers and in other commercial construction projects requiring flat concrete floors by a range of companies, such as Costco, Home Depot, B&Q, Daimler, various Coca-Cola bottling companies, the United States Postal Service, Lowe’s, Toys R Us and ProLogis.




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