Gooch & Housego, 12.6% potential upside indicated by Peel Hunt Limited

Gooch & Housego, with ticker (LON:GHH) now has a potential upside of 12.6% according to Peel Hunt Limited.



Peel Hunt Limited set a target price of 750 GBX for the company, which when compared to the Gooch & Housego, share price of 666 GBX at opening today (14/06/2023) indicates a potential upside of 12.6%. Trading has ranged between 388 (52 week low) and 958 (52 week high) with an average of 30,243 shares exchanging hands daily. The market capitalisation at the time of writing is £163,340,213.

Gooch & Housego PLC is a United Kingdom-based photonics engineering company. The Company and its subsidiaries are manufacturers of specialist optoelectronic components, materials and systems, and specialist instrumentation and life sciences devices. The Company’s business is divided into three market sectors: industrial, aerospace and defense, and life sciences/bio photonics. The industrial segment primarily comprises the industrial laser market for use in the semiconductor and microelectronic industries, but also includes other industrial applications such as metrology, telecommunications, and scientific research. It is a designer and manufacturer of precision-optical components, pump lasers, and fiber-optic couplers for inertial navigation systems used in avionics and defense. The Company supplements its life science product offerings by providing end-to-end design and manufacturing services for medical devices, in-vitro diagnostics, and laboratory instruments.