Jefferies Financial Group Reiterates Hold Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a GBX 685 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 4.74% from the stock’s current price.

Separately, Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 872.50.

discoverIE Group Stock Up 5.0%

Shares of LON:DSCV opened at GBX 654 on Friday. The stock has a market cap of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14. The firm has a fifty day moving average price of GBX 597.40 and a 200 day moving average price of GBX 597.02. The company has a debt-to-equity ratio of 83.72, a current ratio of 1.48 and a quick ratio of 0.96. discoverIE Group has a 1-year low of GBX 505 and a 1-year high of GBX 754.

Insider Buying and Selling at discoverIE Group

In other news, insider Simon Gibbins bought 2,601 shares of discoverIE Group stock in a transaction dated Monday, January 26th. The stock was bought at an average price of GBX 623 per share, for a total transaction of £16,204.23. Also, insider Clive Watson bought 200 shares of discoverIE Group stock in a transaction dated Thursday, February 12th. The stock was purchased at an average price of GBX 640 per share, with a total value of £1,280. 3.70% of the stock is currently owned by company insiders.

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.