Stifel Nicolaus Reiterates “Buy” Rating for discoverIE Group (LON:DSCV)

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued on Friday, MarketBeat reports. They currently have a GBX 1,000 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 52.91% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Monday, February 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 872.50.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 654 on Friday. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 754. The firm’s 50 day moving average price is GBX 597.40 and its 200 day moving average price is GBX 597.02. The company has a market cap of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 1.48 and a debt-to-equity ratio of 83.72.

Insider Activity at discoverIE Group

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