discoverIE Group (LON:DSCV) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their buy rating on shares of discoverIE Group (LON:DSCV) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a GBX 870 target price on the stock.

A number of other research analysts have also recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a report on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a report on Friday. Finally, Shore Capital Group reissued a “buy” rating on shares of discoverIE Group in a research report on Friday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 875.83.

discoverIE Group Price Performance

discoverIE Group stock opened at GBX 639 on Monday. The firm has a market capitalization of £620.60 million, a P/E ratio of 24.30 and a beta of 1.14. The business has a 50-day moving average of GBX 597.88 and a 200-day moving average of GBX 596.96. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72. discoverIE Group has a 1 year low of GBX 505 and a 1 year high of GBX 754.

Insider Transactions at discoverIE Group

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

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.