discoverIE Group plc (LON:DSCV) Given Consensus Recommendation of “Moderate Buy” by Analysts

discoverIE Group plc (LON:DSCV – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 894.38.

DSCV has been the subject of a number of recent research reports. Berenberg Bank boosted their price target on discoverIE Group from GBX 950 to GBX 1,050 and gave the company a “buy” rating in a research note on Friday, June 5th. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Royal Bank Of Canada downgraded shares of discoverIE Group to a “sector perform” rating and set a GBX 800 price objective on the stock. in a report on Friday, June 5th. Peel Hunt restated a “buy” rating and set a GBX 1,000 target price on shares of discoverIE Group in a research report on Friday. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a report on Thursday, June 4th.

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discoverIE Group Stock Performance

Shares of DSCV opened at GBX 739 on Friday. The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. discoverIE Group has a one year low of GBX 505 and a one year high of GBX 800. The firm has a market capitalization of £710.38 million, a P/E ratio of 25.14 and a beta of 1.28. The business has a fifty day moving average of GBX 702.07 and a 200 day moving average of GBX 645.27.

discoverIE Group (LON:DSCV – Get Free Report) last posted 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 for the quarter. As a group, sell-side analysts anticipate that discoverIE Group will post 37.5 EPS for the current year.

About discoverIE Group

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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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