Shares of discoverIE Group plc (LON:DSCV – Get Free Report) were up 3% during mid-day trading on Wednesday . The company traded as high as GBX 717 and last traded at GBX 716. Approximately 130,254 shares traded hands during trading, a decline of 89% from the average daily volume of 1,170,802 shares. The stock had previously closed at GBX 695.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on DSCV. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Friday, April 17th. Berenberg Bank upped their price target on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a report on Friday, June 5th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 price objective on shares of discoverIE Group in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 870 price objective on shares of discoverIE Group in a research report on Tuesday, June 23rd. Finally, Shore Capital Group restated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 879.29.
Read Our Latest Analysis on DSCV
discoverIE Group Stock Up 11.9%
discoverIE Group (LON:DSCV – Get Free Report) last announced its earnings results on Wednesday, June 3rd. The company reported GBX 41.30 earnings per share (EPS) for the quarter. The company had revenue of £443.30 million for the quarter. discoverIE Group had a net margin of 6.54% and a return on equity of 9.04%. Equities research analysts forecast that discoverIE Group plc will post 37.5 earnings per share for the current year.
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.
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