discoverIE Group plc (LON:DSCV) Receives GBX 872.50 Consensus PT from Brokerages

discoverIE Group plc (LON:DSCV) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 872.50.

DSCV has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday. Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a report on Friday. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a research note on Friday.

Insider Buying and Selling at discoverIE Group

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

discoverIE Group Price Performance

Shares of discoverIE Group stock opened at GBX 654 on Friday. 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 one year low of GBX 505 and a one year high of GBX 754. The business’s 50 day simple moving average is GBX 597.40 and its two-hundred day simple moving average is GBX 596.79. The stock has a market capitalization of £635.17 million, a P/E ratio of 24.87 and a beta of 1.14.

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.