discoverIE Group (LON:DSCV) Receives Buy Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of discoverIE Group (LON:DSCV) in a report issued on Friday morning,Digital Look reports. The firm currently has a GBX 1,000 price objective on the stock.

A number of other research analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research report on Thursday, June 4th. Royal Bank Of Canada lowered discoverIE Group to a “sector perform” rating and set a GBX 800 price objective for the company. in a report on Friday, June 5th. Berenberg Bank boosted their price objective on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a research note on Friday, June 5th. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 870 target price on shares of discoverIE Group in a research report on Tuesday, June 23rd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 894.38.

discoverIE Group Price Performance

Shares of DSCV opened at GBX 739 on Friday. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 800. The business’s fifty day moving average is GBX 702.07 and its 200 day moving average is GBX 645.27. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 72.98. The stock has a market cap of £710.38 million, a P/E ratio of 25.14 and a beta of 1.28.

discoverIE Group (LON:DSCV) last issued its quarterly earnings results on Wednesday, June 3rd. The company reported GBX 41.30 EPS for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The business had revenue of £443.30 million for the quarter. Sell-side analysts anticipate that discoverIE Group will post 37.5 earnings per share for the current fiscal year.

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.