Analysts at Canaccord Genuity lifted their price target on shares of Somero Enterprise (LON: SOM) from $0.82 (54 GBX) to $0.89 (59 GBX) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock.

Somero Enterprise traded down 2.83% on Tuesday, hitting GBX 51.50. Somero Enterprise has a 1-year low of GBX 13.75 and a 1-year high of GBX 53.00. The stock’s 50-day moving average is currently GBX 26..

Somero Enterprises Inc (Somero) is a United Kingdom-based company. It is engaged in designing, manufacturing and selling equipment that automates the process of spreading and levelling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots.

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