The group has announced the acquisition of an EPS enhancing, complementary US based business that is a strong fit and helps the group with its strategic ambitions in the US. The acquisition of GFO, for a total of $16.4m, looks to be another strong addition to the group, giving it greater access to the US defence market. As a result of the acquisition, we are upgrading our forecast EPS by 4% to 65.9p for 2019, also increasing our PT from 1610p to 1675p.
06 Sep 2018
Gooch & Housego - Acquisition of US business – another little gem!
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Gooch & Housego - Acquisition of US business – another little gem!
Gooch & Housego PLC (GHH:LON) | 544 -43.5 (-1.5%) | Mkt Cap: 140.3m
- Published:
06 Sep 2018 -
Author:
David Buxton -
Pages:
4
The group has announced the acquisition of an EPS enhancing, complementary US based business that is a strong fit and helps the group with its strategic ambitions in the US. The acquisition of GFO, for a total of $16.4m, looks to be another strong addition to the group, giving it greater access to the US defence market. As a result of the acquisition, we are upgrading our forecast EPS by 4% to 65.9p for 2019, also increasing our PT from 1610p to 1675p.