Shares of discoverIE Group plc (LON:DSCV – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 894.38.
Several equities analysts have weighed in on DSCV shares. Peel Hunt reissued a “buy” rating and set a GBX 1,000 price objective on shares of discoverIE Group in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 685 price target on shares of discoverIE Group in a research report on Thursday, June 4th. Royal Bank Of Canada downgraded discoverIE Group to a “sector perform” rating and set a GBX 800 price target for the company. in a research note on Friday, June 5th. Berenberg Bank restated a “buy” rating and issued a GBX 1,050 price objective on shares of discoverIE Group in a research note on Monday, July 27th. 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 Tuesday, June 23rd.
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discoverIE Group Stock Up 4.4%
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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