Gooch & Housego Expands U.S. Presence with Global Photonics Acquisition

Gooch & Housego ( (GB:GHH) ) just unveiled an update.

Gooch & Housego PLC has announced the acquisition of U.S.-based Global Photonics for $17.5 million, a move that will enhance its presence in the U.S. Aerospace & Defence market. This acquisition is expected to be earnings enhancing and will establish a full optical systems engineering and manufacturing capability in the U.S., complementing G&H’s existing operations. Global Photonics’ expertise in optical systems for military applications will bolster G&H’s offerings, allowing the company to leverage its reputation and relationships with U.S. defence contractors, thus opening new growth channels in North America.

The most recent analyst rating on (GB:GHH) stock is a Buy with a £635.00 price target. To see the full list of analyst forecasts on Gooch & Housego stock, see the GB:GHH Stock Forecast page.

Spark’s Take on GB:GHH Stock

According to Spark, TipRanks’ AI Analyst, GB:GHH is a Neutral.

Gooch & Housego’s overall stock score reflects the company’s current profitability challenges amid strong order growth and strategic expansions. While technical analysis and valuation point to caution, positive corporate events and a solid balance sheet provide potential for future performance improvement.

To see Spark’s full report on GB:GHH stock, click here.

More about Gooch & Housego

Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK, with operations in the U.S. and Europe. The company is a world leader in designing, engineering, and manufacturing advanced photonic systems, components, and instrumentation for the Aerospace & Defence, Industrial, Life Sciences, and Scientific Research sectors.

Average Trading Volume: 47,349

Technical Sentiment Signal: Sell

Current Market Cap: £114.7M

See more data about GHH stock on TipRanks’ Stock Analysis page.