discoverIE Group (LON:DSCV) Earns “Buy” Rating from Shore Capital Group

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reissued by Shore Capital Group in a research note issued to investors on Friday,Digital Look reports.

A number of other analysts have also recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday. Jefferies Financial Group reissued a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Friday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 872.50.

discoverIE Group Stock Up 5.0%

DSCV stock opened at GBX 654 on Friday. The stock has a market capitalization of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14. The firm has a 50-day simple moving average of GBX 597.40 and a 200-day simple moving average of GBX 597.02. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 83.72. discoverIE Group has a 52 week low of GBX 505 and a 52 week high of GBX 754.

Insider Transactions at discoverIE Group

In other discoverIE Group news, insider Simon Gibbins purchased 2,601 shares of the stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average cost of GBX 623 per share, for a total transaction of £16,204.23. Also, insider Clive Watson purchased 200 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of GBX 640 per share, for a total transaction of £1,280. Insiders own 3.70% of the company’s stock.

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.