Shore Capital Reaffirms “Hold” Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCVGet Rating)‘s stock had its “hold” rating reaffirmed by research analysts at Shore Capital in a research note issued to investors on Friday, MarketBeat.com reports.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,150 ($14.96) target price on shares of discoverIE Group in a research report on Wednesday, March 23rd.

Shares of discoverIE Group stock opened at GBX 840 ($10.93) on Friday. The company has a debt-to-equity ratio of 53.21, a quick ratio of 0.82 and a current ratio of 2.36. discoverIE Group has a 52 week low of GBX 698.60 ($9.09) and a 52 week high of GBX 1,274 ($16.58). The stock has a 50 day moving average price of GBX 795.36 and a two-hundred day moving average price of GBX 917.29. The stock has a market capitalization of £801.83 million and a PE ratio of 60.43.

In other discoverIE Group news, insider Nicholas Jefferies sold 108,568 shares of the business’s stock in a transaction on Monday, March 28th. The stock was sold at an average price of GBX 775 ($10.08), for a total value of £841,402 ($1,094,720.27). Also, insider Simon Gibbins sold 47,803 shares of the business’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of GBX 807 ($10.50), for a total value of £385,770.21 ($501,912.84).

About discoverIE Group (Get Rating)

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two divisions, Design & Manufacturing, and Custom Supply. The company also offers technically demanding, customized electronic, photonic, and medical products to the industrial, medical, and healthcare markets.

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