discoverIE Group’s (DSCV) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital restated their buy rating on shares of discoverIE Group (LON:DSCV) in a report issued on Monday morning, MarketBeat reports.

DSCV has been the topic of a number of other reports. Berenberg Bank restated a “buy” rating and issued a GBX 950 target price on shares of discoverIE Group in a research note on Friday, December 5th. JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded discoverIE Group to a “buy” rating and raised their price objective for the stock from GBX 735 to GBX 850 in a report on Monday, December 1st. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, discoverIE Group currently has a consensus rating of “Buy” and an average price target of GBX 830.

discoverIE Group Stock Performance

DSCV stock opened at GBX 635 on Monday. discoverIE Group has a twelve month low of GBX 472.50 and a twelve month high of GBX 754. The firm has a market cap of £616.72 million, a price-to-earnings ratio of 24.14 and a beta of 1.09. The business’s fifty day simple moving average is GBX 603.80 and its two-hundred day simple moving average is GBX 611.72. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 77.88.

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

Insider Transactions at discoverIE Group

In other news, insider Simon Gibbins acquired 2,601 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were purchased at an average price of GBX 623 per share, with a total value of £16,204.23. Also, insider Bruce Thompson bought 15,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was purchased at an average price of GBX 605 per share, with a total value of £90,750. 3.73% of the stock is currently owned by company insiders.

About discoverIE Group

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. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand, Mexico and the USA.