discoverIE Group plc (LON:DSCV – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 809.26 and traded as high as GBX 843. discoverIE Group shares last traded at GBX 836, with a volume of 4,958,656 shares trading hands.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of discoverIE Group from GBX 940 to GBX 1,000 and gave the stock a “buy” rating in a report on Thursday, October 15th. Berenberg Bank lifted their price objective on shares of discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a report on Thursday, October 15th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,000 price objective on shares of discoverIE Group in a research report on Friday, July 24th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 685 target price on shares of discoverIE Group in a research note on Thursday, October 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 916.88.
Read Our Latest Stock Report on discoverIE Group
discoverIE Group Stock Performance
The company has a debt-to-equity ratio of 72.98, a current ratio of 1.45 and a quick ratio of 0.96. The firm has a fifty day simple moving average of GBX 809.26 and a 200 day simple moving average of GBX 698.90. The company has a market capitalization of £801.70 million, a price-to-earnings ratio of 28.37 and a beta of 1.29.
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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