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Gooch & Housego – now a recovery value Buy

By HotStockRockets | Friday 24 November 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in manufacturer of photonic (light waves) components and systems for sectors including aerospace & defence, industrial and life sciences Gooch & Housego (GHH) reached above 660p this summer and, after falling back, had recovered to 550p last month following a trading update. That “ahead of expectations” update suggested further share price upside potential but stock market sentiment saw the shares then again fall back and, available at a 510p offer price, we now consider them a recovery value BUY.
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