discoverIE Group’s (DSCV) Buy Rating Reiterated at Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They currently have a GBX 1,030 ($12.82) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 53.15% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “hold” rating on shares of discoverIE Group in a research report on Thursday.

discoverIE Group Stock Down 2.7 %

discoverIE Group stock opened at GBX 672.53 ($8.37) on Thursday. The firm has a market cap of £644.62 million, a price-to-earnings ratio of 2,930.43 and a beta of 1.04. The firm has a fifty day moving average price of GBX 713.77 and a two-hundred day moving average price of GBX 702.26. discoverIE Group has a fifty-two week low of GBX 586 ($7.29) and a fifty-two week high of GBX 958 ($11.93). The company has a debt-to-equity ratio of 82.83, a current ratio of 1.50 and a quick ratio of 0.96.

Insider Buying and Selling at discoverIE Group

In other news, insider Bruce Thompson bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average cost of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). In related news, insider Clive Watson bought 3,693 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). Also, insider Bruce Thompson purchased 4,000 shares of the stock in a transaction on Tuesday, March 19th. The stock was bought at an average price of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). Insiders own 4.16% of the company’s stock.

discoverIE Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.