discoverIE Group plc (LON:DSCV – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 778 and last traded at GBX 756, with a volume of 280894 shares traded. The stock had previously closed at GBX 764.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. 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. Shore Capital Group reiterated a “buy” rating on shares of discoverIE Group in a research note on Friday, April 17th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 685 target price on shares of discoverIE Group in a research note on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 target price on shares of discoverIE Group in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 870 target price on shares of discoverIE Group in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 875.83.
Check Out Our Latest Analysis on DSCV
discoverIE Group Price Performance
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. discoverIE Group had a net margin of 6.05% and a return on equity of 8.34%. The business had revenue of £443.30 million during the quarter. Analysts anticipate that discoverIE Group plc will post 37.5 EPS for the current fiscal 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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