Brokerages Set discoverIE Group plc (LON:DSCV) PT at GBX 875.83

Shares of discoverIE Group plc (LON:DSCV – Get Free Report) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 875.83.

A number of brokerages have issued reports on DSCV. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,000 price target on shares of discoverIE Group in a research report on Friday, April 17th. Berenberg Bank reiterated a “buy” rating and set a GBX 950 price target on shares of discoverIE Group in a research report on Thursday, April 23rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research report on Friday, April 17th. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 870 price target on shares of discoverIE Group in a research report on Monday, April 20th.

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discoverIE Group Stock Performance

Shares of DSCV stock opened at GBX 671 on Tuesday. The company has a market capitalization of £651.68 million, a P/E ratio of 25.51 and a beta of 1.19. The business’s 50 day moving average is GBX 603.87 and its two-hundred day moving average is GBX 605.52. The company has a current ratio of 1.48, a quick ratio of 0.96 and a debt-to-equity ratio of 83.72. discoverIE Group has a 12-month low of GBX 505 and a 12-month high of GBX 754.

About discoverIE Group

(Get Free Report)

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.

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