G&H has reported an in-line pre-close update for FY19. Given investor concerns around further earnings downgrades, we read today’s statement in a positive light. We leave our forecasts unchanged and reiterate our Buy recommendation and 1300 PT, pricing the shares at ~25x.
07 Oct 2019
FY19 trading statement – in line with expectations
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FY19 trading statement – in line with expectations
Gooch & Housego PLC (GHH:LON) | 546 -21.8 (-0.7%) | Mkt Cap: 140.8m
- Published:
07 Oct 2019 -
Author:
Kunal Walia -
Pages:
3
G&H has reported an in-line pre-close update for FY19. Given investor concerns around further earnings downgrades, we read today’s statement in a positive light. We leave our forecasts unchanged and reiterate our Buy recommendation and 1300 PT, pricing the shares at ~25x.