We think Gooch & Housego is attractive at the current share price and initiate research coverage with a valuation of 1,150p, indicating c.30% potential upside. Manufacturing is gradually recovering from COVID and supply chain disruptions, and the orderbook is now at record levels. Recent H1 results were mixed but the strength of the recovery in orders, particularly for industrial lasers, combined with abating disruption, prompted management to continue to support full year consensus earnings est ....
27 Jun 2022
Gooch & Housego plc (GHH LN) - Into the light
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Gooch & Housego plc (GHH LN) - Into the light
Gooch & Housego PLC (GHH:LON) | 553 -66.4 (-2.1%) | Mkt Cap: 142.6m
- Published:
27 Jun 2022 -
Author:
Robin Byde -
Pages:
19
We think Gooch & Housego is attractive at the current share price and initiate research coverage with a valuation of 1,150p, indicating c.30% potential upside. Manufacturing is gradually recovering from COVID and supply chain disruptions, and the orderbook is now at record levels. Recent H1 results were mixed but the strength of the recovery in orders, particularly for industrial lasers, combined with abating disruption, prompted management to continue to support full year consensus earnings est ....