Insider Buying: discoverIE Group plc (LON:DSCV) Insider Acquires 7,822 Shares of Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins bought 7,822 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were acquired at an average cost of GBX 634 ($8.28) per share, for a total transaction of £49,591.48 ($64,757.74).

Simon Gibbins also recently made the following trade(s):

• On Monday, August 5th, Simon Gibbins bought 5,005 shares of discoverIE Group stock. The shares were acquired at an average cost of GBX 612 ($7.99) per share, for a total transaction of £30,630.60 ($39,998.17).

discoverIE Group Stock Up 1.6 %

Shares of LON DSCV opened at GBX 652 ($8.51) on Thursday. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.96 and a current ratio of 1.55. The firm has a market capitalization of £625.53 million, a price-to-earnings ratio of 4,075.00 and a beta of 1.09. The stock has a 50 day moving average price of GBX 612.70 and a 200 day moving average price of GBX 682.23. discoverIE Group plc has a 52-week low of GBX 561 ($7.33) and a 52-week high of GBX 816 ($10.66).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DSCV. Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($12.41) price target on shares of discoverIE Group in a report on Tuesday. Shore Capital reiterated a “sell” rating on shares of discoverIE Group in a report on Tuesday.

discoverIE Group Company Profile

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.