discoverIE Group (LON:DSCV) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of discoverIE Group (LON:DSCV) in a report issued on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 685 target price on the stock.

Separately, Shore Capital Group reissued a “buy” rating on shares of discoverIE Group in a report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, discoverIE Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 872.50.

discoverIE Group Price Performance

Shares of discoverIE Group stock opened at GBX 654 on Friday. The company has a debt-to-equity ratio of 83.72, a current ratio of 1.48 and a quick ratio of 0.96. discoverIE Group has a fifty-two week low of GBX 505 and a fifty-two week high of GBX 754. The firm has a fifty day moving average price of GBX 597.40 and a two-hundred day moving average price of GBX 597. The company has a market cap of £635.17 million, a PE ratio of 24.87 and a beta of 1.14.

Insiders Place Their Bets

In related news, insider Simon Gibbins purchased 2,601 shares of discoverIE Group stock in a transaction on Monday, January 26th. The stock was purchased at an average cost of GBX 623 per share, with a total value of £16,204.23. Also, insider Clive Watson purchased 200 shares of discoverIE Group stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of GBX 640 per share, with a total value of £1,280. 3.70% of the stock is owned by corporate insiders.

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.