discoverIE Group (LON:DSCV) Insider Simon Gibbins Buys 2,601 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 2,601 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was purchased at an average price of GBX 623 per share, for a total transaction of £16,204.23.

discoverIE Group Stock Performance

Shares of DSCV opened at GBX 649 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.96 and a debt-to-equity ratio of 77.88. The firm’s fifty day simple moving average is GBX 601.20 and its two-hundred day simple moving average is GBX 613.95. discoverIE Group plc has a 12 month low of GBX 472.50 and a 12 month high of GBX 754. The stock has a market capitalization of £630.32 million, a P/E ratio of 24.68 and a beta of 1.09.

discoverIE Group (LON:DSCV) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a return on equity of 5.10% and a net margin of 3.55%. As a group, analysts predict that discoverIE Group plc will post 37.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DSCV shares. JPMorgan Chase & Co. restated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a report on Wednesday, December 3rd. Shore Capital reiterated a “buy” rating and set a GBX 750 target price on shares of discoverIE Group in a research report on Tuesday, December 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 950 target price on shares of discoverIE Group in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of discoverIE Group to a “buy” rating and raised their price target for the stock from GBX 735 to GBX 850 in a report on Monday, December 1st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, discoverIE Group currently has a consensus rating of “Buy” and a consensus price target of GBX 830.

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.