discoverIE Group plc (LON:DSCV – Get Free Report) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 916.88.
Several brokerages recently commented on DSCV. Berenberg Bank boosted their price target on discoverIE Group from GBX 1,050 to GBX 1,100 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating and set a GBX 685 price objective on shares of discoverIE Group in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on discoverIE Group from GBX 940 to GBX 1,000 and gave the company a “buy” rating in a report on Thursday. Finally, 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.
View Our Latest Report on DSCV
discoverIE Group Trading Up 0.5%
Shares of DSCV opened at GBX 819.37 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 72.98. The stock has a market cap of £787.64 million, a PE ratio of 27.87 and a beta of 1.29. discoverIE Group has a 1 year low of GBX 505 and a 1 year high of GBX 917. The stock has a 50 day simple moving average of GBX 809.29 and a 200-day simple moving average of GBX 726.85.
About discoverIE Group
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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