discoverIE Group (LON:DSCV) Given “Buy” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a report published on Wednesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a GBX 1,000 price objective on the stock.

A number of other equities research analysts have also recently issued reports on DSCV. Shore Capital reissued a “hold” rating and issued a GBX 750 target price on shares of discoverIE Group in a research report on Tuesday, October 14th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research report on Wednesday, September 10th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 830.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 585 on Wednesday. The firm has a market capitalization of £561.93 million, a PE ratio of 23.40 and a beta of 1.09. The company’s 50-day moving average is GBX 586.03 and its 200-day moving average is GBX 629.16. discoverIE Group has a fifty-two week low of GBX 472.50 and a fifty-two week high of GBX 754. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96.

discoverIE Group (LON:DSCV) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. Equities analysts forecast that discoverIE Group will post 37.5 EPS for the current year.

discoverIE Group Company Profile

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial use. The Group provides application-specific components to original equipment manufacturers (“OEMs”) internationally, with a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation, security, and industrial & connectivity.

The Group employs c.4,500 people across 20 countries.