FY results were £0.5m ahead of our expectations, with a particularly strong final few months of trading and currency tailwind. The record order book helps underpin forecast sales growth, with production growth helped by capacity expansion. No change to forecasts, but with forecast risk on the upside we raise our target price to 1050p, giving modest upside in the shares. The company’s conservative approach to guidance, coupled with an upbeat trading outlook provides scope for furth
29 Nov 2016
Results ahead of expectations, with a strong start to the current year
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Results ahead of expectations, with a strong start to the current year
Gooch & Housego PLC (GHH:LON) | 550 33 1.1% | Mkt Cap: 141.8m
- Published:
29 Nov 2016 -
Author:
David Buxton -
Pages:
12
FY results were £0.5m ahead of our expectations, with a particularly strong final few months of trading and currency tailwind. The record order book helps underpin forecast sales growth, with production growth helped by capacity expansion. No change to forecasts, but with forecast risk on the upside we raise our target price to 1050p, giving modest upside in the shares. The company’s conservative approach to guidance, coupled with an upbeat trading outlook provides scope for furth