Goodwin (LON:GDWN) Hits New 1-Year High - Still a Buy?

Key Points

• Goodwin PLC shares reached a new 52-week high of £129 ($174.47) in trading, closing at £123.50 ($167.03) after previously closing at £111.50 ($150.80).
• Wall Street analysts, including Shore Capital, maintain a "house stock" rating for Goodwin, highlighting potential for continued growth.
• The company reported a net margin of 8.84% and a return on equity of 14.13% with earnings per share (EPS) of GBX 327.17 for the last quarter.

Shares of Goodwin PLC (LON:GDWN - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as £129 ($174.47) and last traded at £123.50 ($167.03), with a volume of 4247 shares changing hands. The stock had previously closed at £111.50 ($150.80).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Goodwin in a report on Wednesday, July 30th.

Goodwin Stock Performance

The firm has a market cap of £987.57 million, a P/E ratio of 4,019.32 and a beta of 0.54. The company has a current ratio of 2.21, a quick ratio of 1.00 and a debt-to-equity ratio of 62.10. The business's fifty day simple moving average is GBX 9,347.74 and its 200-day simple moving average is GBX 7,835.11.

Goodwin (LON:GDWN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported GBX 327.17 earnings per share (EPS) for the quarter. Goodwin had a net margin of 8.84% and a return on equity of 14.13%.

About Goodwin

Goodwin PLC, together with its subsidiaries, provides mechanical and refractory engineering solutions primarily in the United Kingdom, rest of Europe, the United States, the Pacific Basin, and internationally. The company designs, manufactures, and sells dual plate check valves, axial nozzle check valves and axial piston control, and isolation valves for large construction projects, including the construction of naval vessels, nuclear waste treatment, nuclear power generation, liquefied natural gas, gas, oil, petrochemical, mining, and water markets; submersible slurry pumps; and radar surveillance systems for defense contractors, civil aviation authorities, and coastal border security agencies.

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