The group has provided a positive year-end trading update, pointing to trading being slightly ahead of existing expectations. Gooch & Housego has seen a good recovery in underlying market activity, although the update indicates some supply-chain constraints and currency headwinds. We increase our FY21 EPS by 2.5% to 37.3p, but maintain our existing expectations for FY22. We also retain our 1450p price target with today’s update helping sentiment.
05 Oct 2021
Gooch & Housego - Year-end trading update – slightly ahead of expectations
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Gooch & Housego - Year-end trading update – slightly ahead of expectations
Gooch & Housego PLC (GHH:LON) | 550 33 1.1% | Mkt Cap: 141.8m
- Published:
05 Oct 2021 -
Author:
David Buxton -
Pages:
5
The group has provided a positive year-end trading update, pointing to trading being slightly ahead of existing expectations. Gooch & Housego has seen a good recovery in underlying market activity, although the update indicates some supply-chain constraints and currency headwinds. We increase our FY21 EPS by 2.5% to 37.3p, but maintain our existing expectations for FY22. We also retain our 1450p price target with today’s update helping sentiment.