discoverIE Group (LON:DSCV) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of discoverIE Group (LON:DSCV) in a research note published on Monday,Digital Look reports. The brokerage currently has a GBX 1,050 price target on the stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 685 price target on shares of discoverIE Group in a report on Thursday, June 4th. Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Royal Bank Of Canada lowered shares of discoverIE Group to a “sector perform” rating and set a GBX 800 target price for the company. in a report on Friday, June 5th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a report on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, discoverIE Group has a consensus rating of “Moderate Buy” and an average target price of GBX 894.38.

discoverIE Group Price Performance

DSCV stock opened at GBX 761 on Monday. The firm’s fifty day moving average is GBX 703.69 and its 200 day moving average is GBX 646.71. discoverIE Group has a 52 week low of GBX 505 and a 52 week high of GBX 800. The firm has a market cap of £731.53 million, a P/E ratio of 25.88 and a beta of 1.28. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45.

discoverIE Group (LON:DSCV) last released its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share for the quarter. discoverIE Group had a return on equity of 9.04% and a net margin of 6.54%.The company had revenue of £443.30 million during the quarter. Research analysts predict that discoverIE Group will post 37.5 earnings per share for the current year.

About discoverIE Group

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.