discoverIE Group (LON:DSCV) Insider Clive Watson Purchases 200 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Clive Watson acquired 200 shares of discoverIE Group stock in a transaction on Thursday, February 12th. The shares were bought at an average cost of GBX 640 per share, with a total value of £1,280.

discoverIE Group Trading Up 0.5%

Shares of DSCV stock opened at GBX 636 on Friday. The company has a market capitalization of £617.69 million, a P/E ratio of 24.18 and a beta of 1.09. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The business’s 50 day moving average is GBX 610.38 and its two-hundred day moving average is GBX 608.01. discoverIE Group plc has a twelve month low of GBX 472.50 and a twelve month high of GBX 754.

discoverIE Group (LON:DSCV) last released its quarterly earnings results on Tuesday, December 2nd. The company reported GBX 19.50 EPS 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 plc will post 37.5 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a report on Monday, February 2nd. JPMorgan Chase & Co. restated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research report on Wednesday, December 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 950 target price on shares of discoverIE Group in a research report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft raised discoverIE Group to a “buy” rating and increased their target price for the stock from GBX 735 to GBX 850 in a research note on Monday, December 1st. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 830.

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