Insider Buying: discoverIE Group (LON:DSCV) Insider Acquires £16,204.23 in Stock

discoverIE Group plc (LON:DSCV) insider Simon Gibbins purchased 2,601 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was acquired at an average price of GBX 623 per share, with a total value of £16,204.23.

discoverIE Group Price Performance

discoverIE Group stock opened at GBX 634 on Friday. discoverIE Group plc has a one year low of GBX 472.50 and a one year high of GBX 754. The company has a debt-to-equity ratio of 77.88, a current ratio of 1.55 and a quick ratio of 0.96. The firm has a market cap of £615.75 million, a P/E ratio of 24.11 and a beta of 1.09. The stock’s 50 day moving average is GBX 602.50 and its 200 day moving average is GBX 612.79.

discoverIE Group (LON:DSCV) last announced its earnings results on Tuesday, December 2nd. The company reported GBX 19.50 earnings per share for the quarter. discoverIE Group had a net margin of 3.55% and a return on equity of 5.10%. As a group, research analysts expect that discoverIE Group plc will post 37.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a GBX 1,000 target price on shares of discoverIE Group in a research note on Wednesday, December 3rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 950 price target on shares of discoverIE Group in a research report on Friday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of discoverIE Group to a “buy” rating and increased their price objective for the company from GBX 735 to GBX 850 in a research report on Monday, December 1st. Finally, Shore Capital reiterated a “buy” rating and set a GBX 750 target price on shares of discoverIE Group in a research report on Tuesday, December 2nd. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 830.

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.