discoverIE Group (LON:DSCV) Earns Buy Rating from Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They currently have a GBX 950 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 44.16% from the stock’s previous close.

Several other analysts have also recently weighed in on DSCV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a report on Monday, April 20th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research note on Friday, April 17th. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, discoverIE Group presently has an average rating of “Moderate Buy” and an average target price of GBX 875.83.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 658.97 on Thursday. The stock has a market capitalization of £640.00 million, a P/E ratio of 25.06 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. The company has a 50 day moving average of GBX 599.54 and a 200-day moving average of GBX 598.25. discoverIE Group has a twelve month low of GBX 505 and a twelve month high of GBX 754.

Insider Buying and Selling

In other news, insider Simon Gibbins bought 2,601 shares of the stock in a transaction dated 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 bought 200 shares of the stock in a transaction dated Thursday, February 12th. The shares were 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.