discoverIE Group plc (LON:DSCV) Receives GBX 879.29 Consensus Target Price from Brokerages

Shares of discoverIE Group plc (LON:DSCV – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 879.29.

DSCV has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 870 price objective on shares of discoverIE Group in a research report on Monday, April 20th. Berenberg Bank lifted their price objective on shares of discoverIE Group from GBX 950 to GBX 1,050 and gave the stock a “buy” rating in a research report on Friday, June 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research report on Thursday, June 4th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of discoverIE Group in a research report on Friday, April 17th.

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discoverIE Group Trading Up 2.7%

LON:DSCV opened at GBX 696 on Friday. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 800. The company has a debt-to-equity ratio of 72.98, a quick ratio of 0.96 and a current ratio of 1.45. The firm has a market cap of £675.96 million, a P/E ratio of 23.67 and a beta of 1.23. The firm has a 50-day simple moving average of GBX 669.55 and a 200-day simple moving average of GBX 626.61.

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

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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